Markets › Analysis › Midday Update
Midday Update

Crypto Market Cap Drops 4.98% to $2.74 Trillion

The cryptocurrency market experiences a broad downturn amid shifting investor sentiment.

Key takeaways
  • The total crypto market is worth ₹258.96T, down 4.98% in 24 hours.
  • Bitcoin is down 1.75%, holding 60.0% of the market.
  • Top gainer: MemeCore (M) +15.4%.
  • Biggest drop: Akedo (AKE) -19.9%.
  • Sentiment: Fear & Greed at 68 (Greed).

The total cryptocurrency market capitalization decreased by 4.98% over the past 24 hours, falling to $2.74 trillion. This downturn reflects a broader market trend affecting most major assets.

Bitcoin, the largest cryptocurrency by market cap, saw a 1.75% decline, trading at $81,912, while its dominance remained strong at approximately 60.0%. Ethereum also fell by 2.28%, dropping to $2,402.34 amid the market's downward trajectory.

MemeCore (M) emerged as the biggest gainer, rising by 15.44%, likely due to broader market sentiment rather than specific news. Lighter (LIT) gained 9.33%, potentially driven by U.S. licensing and Robinhood integration developments, while Monero (XMR) rose by 7.85%, outperforming Ethereum and benefiting from broader market dynamics.

Akedo (AKE) led the losers with a 19.94% decline, attributed to the broader market conditions rather than any specific negative news. Provenance Blockchain (HASH) and Stacks (STX) also fell by 12.96% and 8.00%, respectively, moving in line with the overall market downturn. LayerZero (ZRO) declined by 7.83%, similarly impacted by the bearish market sentiment.

Investor sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 68, indicating a cautious but not overly pessimistic outlook. Bitcoin's dominance at 60.0% suggests it continues to be a significant anchor for the market amid volatility.

Recent headlines include CoinDCX addressing a hack with a pledge to cover user losses after $16 million in transfers drew scrutiny. SolanaMobile launched Seeker Connect to simplify wallet processes, while Starknet tokenholders approved research initiatives. These developments highlight ongoing activity in the crypto space despite the market downturn.

Movers in this report

Never miss a market briefGet a push the moment the next Token Times report drops — free.

Frequently asked

What is the total crypto market cap today?

As of October 22, 2026, the total cryptocurrency market capitalisation is ₹258.96T ($2.74T), down 4.98% over the last 24 hours.

Which cryptocurrency gained the most in this report?

MemeCore (M) was among the biggest gainers, up 15.44% in 24 hours.

Which cryptocurrency fell the most in this report?

Akedo (AKE) was among the biggest decliners, down 19.94% in 24 hours.

What is the crypto Fear and Greed Index right now?

The Fear & Greed Index reads 68, indicating "Greed" — a gauge of overall market sentiment from 0 (extreme fear) to 100 (extreme greed).

In the headlines

Token Times Market Desk Verified data

Token Times's market desk compiles every report from live data — CoinGecko, Binance and DefiLlama — and the day's headlines, checked against our data-integrity standards. We never fabricate a figure and never predict prices.

← Earlier reportCrypto Market Cap Drops 5.12% to $2.74 Trillion

Not financial advice. This report is for information and education only. Market data is sourced from public APIs (CoinGecko, Binance, DefiLlama) and shown with its capture time; cryptocurrency is volatile and high-risk — always do your own research. Read our methodology.