Summary
- Total crypto market capitalization fell 3.59% to $2.61 trillion in 24 hours.
- Kinetiq's KNTQ token dropped 12.58%, the steepest decline among trending coins.
- Zcash gained 2.04% to $1,255.43, topping the day's list of gainers.
The global crypto market capitalization stood at $2.61 trillion as of Monday, down 3.59% over the prior 24 hours, with trading volume reaching $50.08 billion. Bitcoin dominance held at 59.9% as the token itself traded at $77,962.61, up a modest 0.18%, showing relative resilience against a market-wide retreat that hit mid-cap and altcoin tokens harder. Ether, by contrast, rose 1.45% to $2,291.06, bucking the broader downturn alongside Zcash and Monero, which climbed 1.25% to $610.20.
Kinetiq's KNTQ token was the session's biggest decliner among widely tracked names, sliding 12.58% to $0.484. NEAR Protocol also posted steep losses, down 4.79% to $4.15, while Monad fell 4.72% and Aave dropped 3.97% to $131.73. Ethena slipped 2.87% to $0.18. The breadth of red across trending tokens, spanning layer-1 networks, DeFi platforms and newer protocol tokens, pointed to a risk-off tone rather than an isolated, project-specific selloff.
Zcash stood out as the clearest beneficiary of the shift, posting a 24-hour gain of roughly 2% to trade above $1,255, continuing a rally that has made it one of the strongest performers among top-20 tokens by market capitalization. Rain, ranked 25th by market cap, led all gainers tracked in the data with an 8.71% jump to $0.00633, while TRON added 1.94% to reach $0.3165.
The pullback followed a difficult October for Bitcoin, which lost 7.3% over the month despite a historical tendency for gains during that period, prompting renewed scrutiny of whether such seasonal patterns still hold predictive value. Spot Bitcoin ETFs recorded $515 million in net October outflows, while Ether funds saw a record $1.61 billion exit the same month. Exchange flow data also showed a split in investor behavior, with OKX drawing $445 million in net inflows even as Binance processed roughly $7 billion in net outflows, a divergence that may reflect shifting trust after recent exchange security incidents.
Security concerns remained a backdrop to the session, with hardware wallet maker Trezor raising password requirements following earlier wallet thefts tied to compromised recovery information, and BTCPay Server separately warning operators running outdated software to shut down hot wallets after reports of unauthorized fund draining. Meanwhile, regulators in Hong Kong and South Korea signaled closer scrutiny of the sector, with Hong Kong's monetary authority advancing tokenized settlement trials involving stablecoins and South Korea's central bank surveying financial institutions on their exposure to a potential major exchange collapse or prolonged downturn. With Bitcoin holding its 100-day moving average into the month's close, traders are now watching how the market responds heading into further macroeconomic events this week.