by Coinstrooper Crypto Articles
Quick Take
  • The crypto market is in decline today, with total market capitalization dropping by 3.5% to $3.69 trillion, according to data from CoinMarketCap.
  • Meanwhile, 24-hour trading volume sits at $143.9 billion, signaling a slight recovery in market activity after a volatile weekend.
  • Global crypto market cap fell 3.5% to $3.69T, with 24h volume at $143.9B;
  • BTC dropped 2.9% to $107,896, and ETH slid 4.5% to $3,713;

What Happened

Meanwhile, Gunden, a veteran holder with roots in Bitcoin’s earliest days, has reactivated multiple decade-old wallets for the first time in years.

Market Context

The crypto market is in decline today, with total market capitalization dropping by 3.5% to $3.69 trillion, according to data from CoinMarketCap. Meanwhile, 24-hour trading volume sits at $143.9 billion, signaling a slight recovery in market activity after a volatile weekend.

Global crypto market cap fell 3.5% to $3.69T, with 24h volume at $143.9B;

Weak risk appetite followed the Fed’s cautious tone on rate cuts and thin Asian liquidity;

At the time of writing, most of the top cryptocurrencies by market capitalization are trading in the red.

Bitcoin (BTC) slipped 2.9% in the past 24 hours, hovering around $107,896, with a market cap of $2.15 trillion.

XRP (XRP) dropped 5.3% to $2.40, and Dogecoin (DOGE) saw a 6.6% slide, now priced at $0.1744, making it one of the day’s weakest performers among the top 10.

The broader sentiment remains cautious, with Bitcoin dominance stable above 44%, while traders eye potential short-term corrections if selling pressure persists.

Meanwhile, two prominent Bitcoin whales have transferred massive amounts of BTC to exchanges, sparking renewed market anxiety about potential sell-offs.

BitcoinOG, who gained attention for profiting nearly $197 million by shorting the market in October, has repeatedly transferred BTC to major exchanges, including Binance, Coinbase, and Hyperliquid.

Why It Matters

Bitcoin Slips Below $108K as Fed Signals Temper ‘Uptober’ Momentum

Details

TLDR:

BTC dropped 2.9% to $107,896, and ETH slid 4.5% to $3,713;

Two major Bitcoin whales moved over $1.8B in BTC to exchanges, fueling sell-off fears;

Fear & Greed Index dropped to 36 (Fear);

BTC ETFs saw $191.6M outflows;

ETH ETFs lost $98.2M;

SOL ETFs gained $44.48M;

Trump said he “doesn’t know” Binance’s CZ despite pardoning him last month.

rypto Winners & Losers

Ethereum (ETH) fell 4.5% to $3,713, while BNB (BNB) declined 6.3% to $1,018. Solana (SOL) also continued its downtrend, losing 5.6% to trade at $175.45.

Despite the downturn, a few altcoins managed notable gains. Jelly-My-Jelly (JMJ) surged 91.3%, leading the day’s top gainers, followed by OG (+38.3%) and DigiByte (+27.6%).

Among trending tokens, Aster (ASTR) gained 6.2%, while Balancer (BAL) and ZKsync (ZK) declined 10.1% and 27.7%, respectively.

On-chain data from Lookonchain shows that pseudonymous trader “BitcoinOG (1011short)” sent roughly 13,000 BTC ($1.48 billion) to Kraken since Oct. 1, while early Bitcoin adopter Owen Gunden moved 3,265 BTC ($364.5 million) to the same exchange since Oct. 21.