Crypto Market Cap Drops 5.50% to $2.84 Trillion
The cryptocurrency market experienced a broad downturn, with Bitcoin and Ethereum both declining amidst a 'Greed' sentiment.
- The total crypto market is worth $2.84T, down 5.50% in 24 hours.
- Bitcoin is down 2.73%, holding 58.8% of the market.
- Top gainer: Pearl (PRL) +23.1%.
- Biggest drop: Sky (SKY) -10.7%.
- Sentiment: Fear & Greed at 71 (Greed).
Token Times Market Desk — The total cryptocurrency market capitalization decreased by 5.50% over the past 24 hours, falling to $2.84 trillion. This downturn reflects a broader market correction affecting most major digital assets.
Bitcoin's price dropped by 2.73% to $83,189, while 
Ethereum saw a more significant decline of 4.75%, settling at $2,568.97. Despite the downward trend, Bitcoin's dominance remained strong at approximately 58.8%.
Pearl (PRL) and 
Raydium (RAY) were the most notable gainers, with PRL rising by 23.12% and RAY by 12.42%. These gains occurred against the broader market trend, with Raydium also showing a 26.04% increase over the past week.
Sky (SKY), 
Monad (MON), 
Filecoin (FIL), and 
Aptos (APT) were among the biggest losers, with declines ranging from 9.11% to 10.67%. These drops were largely in line with the broader market downturn, although Aptos' decline occurred despite positive news about its MonoMove upgrade.
The overall market sentiment remains in 'Greed' territory with a score of 71 on the Fear & Greed index. This indicates that investors are still exhibiting confidence despite the recent price corrections.
In other news, Binance reportedly received a transfer of 304 million DOGE from an unknown wallet, while BitGo and HashKey expanded their partnership across staking, custody, and tokenization in Asia. These developments may have implications for market dynamics in the near term.
Movers in this report
Frequently asked
What is the total crypto market cap today?
As of October 7, 2026, the total cryptocurrency market capitalisation is $2.84T, down 5.50% over the last 24 hours.
Which cryptocurrency gained the most in this report?
Pearl (PRL) was among the biggest gainers, up 23.12% in 24 hours.
Which cryptocurrency fell the most in this report?
Sky (SKY) was among the biggest decliners, down 10.67% in 24 hours.
What is the crypto Fear and Greed Index right now?
The Fear & Greed Index reads 71, indicating "Greed" — a gauge of overall market sentiment from 0 (extreme fear) to 100 (extreme greed).
In the headlines
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.