The crypto market contracted by 6.4% over the past 24 hours, pulling the total market cap down to $2.60 trillion. Bitcoin led the decline, slipping 3.2% to $77,426, while Ethereum fell 3.7% to $2,235.
Market snapshot
Bitcoin’s price of $77,426 represents a 3.2% drop in the last day and a 5.2% decline over the past week, keeping its dominance at 59.8% of the overall market. Ethereum, the second-largest cryptocurrency, is priced at $2,235 and is down 3.7% in 24 hours and 6.7% over seven days, holding a 10.5% share of market value.
The broader market shows a 6.4% contraction, with the top-100 aggregate falling 4.7% over the week. Stablecoin supply sits at $299.7 billion, down 0.14% in one day, while DeFi total value locked (TVL) is $83.9 billion, down 5.3% today. The Fear and Greed Index moved from a neutral 51 yesterday to 30 today, indicating a shift toward fear.
| Asset | Price | 24h | 7d |
|---|---|---|---|
| Bitcoin (BTC) | $77,426 | -3.2% | -5.2% |
| Ethereum (ETH) | $2,235 | -3.7% | -6.7% |
| Solana (SOL) | $96.62 | -3.7% | -7.2% |
| XRP (XRP) | $1.25 | -3.2% | -5.4% |
| BNB (BNB) | $700 | -5.4% | -6.2% |
| Total crypto market cap | $2.60 trillion | -6.4% | -4.7% (top 100) |
| Bitcoin dominance | 59.8% |
Prices from CoinGecko at the time of writing (October 30, 2026).
Top movers today
Among the biggest gainers, meme token Pepe rose 7.5% to $0.00000527, while Sky climbed 5.3% to $0.0687. Hyperliquid added 4.8% to reach $92.15, Bitcoin Cash rose 1.6% to $283, and LayerZero increased 1.4% to $1.72. On the losing side, Bitway dropped 27.4% to $1.30, Pearl fell 11.1% to $1.58, PancakeSwap slid 8.4% to $1.87, Kaspa fell 8.1% to $0.0328, and Injective also lost 8.1% to $7.26.
All top gainers are smaller or niche tokens, while the losers are a mix of mid-cap projects, suggesting that risk-on capital is rotating toward speculative assets after broader market pressure.
| Top gainers | 24h | Top losers | 24h |
|---|---|---|---|
| Pepe (PEPE) | +7.5% | Bitway (BTW) | -27.4% |
| Sky (SKY) | +5.3% | Pearl (PEARL) | -11.1% |
| Hyperliquid (HYPE) | +4.8% | PancakeSwap (CAKE) | -8.4% |
| Bitcoin Cash (BCH) | +1.6% | Kaspa (KAS) | -8.1% |
| LayerZero (ZRO) | +1.4% | Injective (INJ) | -8.1% |
Among the top 100 coins by market cap, excluding stablecoins and wrapped tokens.
Flows and sentiment
Stablecoin supply, a proxy for cash moving into crypto, slipped 0.14% to $299.7 billion, hinting that less fiat is being parked in stablecoins. DeFi TVL, which measures the value locked in decentralized protocols, fell 5.3% to $83.9 billion, reflecting reduced activity in lending, DEX trading, and yield farming.
The Fear and Greed Index, which gauges market emotion, dropped to 30 (Fear) from 51 (Neutral) yesterday, indicating heightened nervousness. Bitcoin’s funding rate, a periodic payment made by long traders to short traders on perpetual futures, stood at 0.0100% per 8 hours on OKX, a modest positive rate that can encourage short positions. Open interest, the total value of outstanding futures contracts, rose 1.9% to $3.5 billion, showing that traders are still keeping positions open despite the sell-off.
| Metric | Latest | Change or comparison |
|---|---|---|
| Stablecoin supply | $299.7 billion | -0.14% (1d), -1.17% (7d) |
| DeFi total value locked | $83.9 billion | -5.3% (1d), -6.8% (7d) |
| Crypto Fear and Greed Index | 30 (Fear) | a week ago: 50 (Neutral) |
| Bitcoin funding rate (OKX) | 0.0100% per 8h | near neutral |
| Bitcoin futures open interest (OKX) | $3.5 billion | +1.9% over 1 day |
Other data at the time of writing.
What is driving the market
CoinDesk reported that Binance arranged $6.34 billion to cover losses from a record crypto hack, and subsequent headlines noted large liquidations of $1.57 billion as the hack sent Bitcoin, Ether and XRP lower. These events likely contributed to the shift in the Fear and Greed Index toward fear and the broad market contraction.
The hack also appears to have spurred a wave of liquidations, as noted by CoinDesk’s coverage of leveraged bets being wiped out. This aligns with the observed 3.2% drop in Bitcoin and 3.7% fall in Ethereum, both of which were mentioned in the headlines as being impacted by the hack.
Our own analysis of recent geopolitical and macro-economic factors, such as the Fed rate hold article, suggests that broader risk sentiment remains fragile. While the Fed decision is not directly cited in the headlines, the continued high Bitcoin dominance (59.8%) and modest funding rate indicate that traders are still cautious, preferring to keep exposure in Bitcoin rather than riskier altcoins.
What to watch
- Monitor further developments in the Binance hack case, especially any additional asset dumps that could affect price stability.
- Watch the Fear and Greed Index for any shift back toward neutral or greed, which could signal a short-term rebound.
- Track stablecoin inflows and DeFi TVL; a reversal in their declines may hint at renewed capital entering the market.
Frequently asked questions
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Sources
This article is for educational purposes only and is not financial advice. Crypto assets are volatile, so always do your own research. Read our editorial policy.
