Summary
- Total crypto market capitalization fell 2.86% to $2.6 trillion over 24 hours.
- Bitcoin traded at $77,090.87, down 1.25%, holding 59.3% market dominance.
- Rain fell 16.81% to $0.00567881, the day's steepest decline among tracked tokens.
The global cryptocurrency market capitalization stood at $2.6 trillion as of Monday, down 2.86% over the prior 24 hours, with trading volume reaching $61.9 billion. Bitcoin, which carries a 59.3% share of total market value, traded at $77,090.87, a decline of 1.25%. The drop follows a rough October for the largest cryptocurrency, which fell 7.3% for the month despite a historical tendency for gains during that period, prompting renewed scrutiny of the asset's seasonal trading patterns.
Losses were steeper further down the market. Among trending tokens, LayerZero fell 9.71% to $1.71, Monad dropped 7.20% to $0.018, and Lighter declined 6.93% to $3.02. Pump.fun slid 6.50% to $0.00396, while Hyperliquid, a top-11 token by market capitalization, dropped 4.99% to $83.62. Solana, the seventh-largest cryptocurrency, fell 2.14% to $92.70. Ethereum's dominance held at 10.5% of the total market.
Rain was the day's biggest loser among major tokens, sliding 16.81% to $0.00567881. NEAR Protocol also posted a sharp decline, down 9.15% to $3.91, and Ethena fell 7.98% to $0.16926. The declines came against a backdrop of heightened security concerns across the industry: Binance disclosed it had tapped roughly half of its SAFU emergency Bitcoin reserve, transferring 7,499 BTC and leaving about 7,500 BTC in the fund, with no restoration timeline given for the broader $1 billion reserve. Blockchain analytics firm Chainalysis separately reported that hackers behind a $6.3 billion theft had begun converting stolen Solana tokens into Bitcoin, prompting exchange Gate to freeze two linked accounts.
Gains were scarce and modest. Tether Gold led advancers, rising 1.80% to $3,942.44, followed by TRON, up 1.72% to $0.318426, and MemeCore, up 1.28% to $0.853273. Monero added 0.42% to $599.41. Among trending searches, AudaCity stood out with a 39.29% surge to $0.0222, far outpacing other heavily searched tokens, most of which traded lower alongside the broader market. Super Inu, by contrast, fell 7.68% to $0.0197 despite elevated search interest.
The simultaneous pressure from exchange security disclosures, a regulatory watchdog's review of money-laundering controls at crypto hubs, and weak seasonal momentum appeared to weigh on sentiment broadly. With more than 22,600 active cryptocurrencies tracked and the market's overall decline touching most major tokens, traders are watching whether Bitcoin's dominance near 59% will hold as a stabilizing anchor or give way to further losses across smaller-cap assets.