Crypto Market Cap Drops 5.37% to $2.85 Trillion
The cryptocurrency market experiences a broad downturn amid declining prices and increased fear in the market.
- The total crypto market is worth $2.85T, down 5.37% in 24 hours.
- Bitcoin is down 2.52%, holding 58.8% of the market.
- Top gainer: Pearl (PRL) +24.1%.
- Biggest drop: Sky (SKY) -11.4%.
- Sentiment: Fear & Greed at 71 (Greed).
TLT Market Desk — The total cryptocurrency market capitalization decreased by 5.37% over the past 24 hours, falling to $2.85 trillion as of October 7, 2026.
Bitcoin's price dropped by 2.52% to $83,362, while 
Ethereum saw a more pronounced decline of 4.56%, settling at $2,573.40. Bitcoin's dominance remained strong at approximately 58.8%.
Pearl (PRL) and 
Raydium (RAY) were notable gainers, with PRL rising by 24.09% and RAY by 13.83%. These gains occurred despite the broader market downturn, with Raydium also showing a 28.02% increase over the past week.
Sky (SKY), 
Filecoin (FIL), 
Aptos (APT), and 
Monad (MON) were among the biggest losers, with declines ranging from 10.24% to 11.44%. These losses were attributed to the broader market conditions, although Aptos experienced negative price movement despite positive project news.
The overall market sentiment, as measured by the Fear & Greed Index, remained in 'Greed' territory at 71, indicating a cautious but not overwhelmingly negative investor outlook. Bitcoin's dominance at 58.8% suggests it continues to be a significant market driver.
Recent headlines include discussions on Zcash's upcoming NU7 upgrade, China's potential crypto pivot, and differing views on SEC and CFTC crypto regulations. Additionally, Ethereum ETFs have seen outflows of $201.9 million, while Bitcoin funds have returned to inflows.
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 $2.85T, down 5.37% over the last 24 hours.
Which cryptocurrency gained the most in this report?
Pearl (PRL) was among the biggest gainers, up 24.09% in 24 hours.
Which cryptocurrency fell the most in this report?
Sky (SKY) was among the biggest decliners, down 11.44% 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.