Daily market report · AI-assisted
Crypto market today, October 7, 2026: Bitcoin -3.0% at $83,494
Total crypto market capitalisation fell 5.9% to $2.85 trillion, with Bitcoin at $83,494 and Ethereum at $2,566, as declines ran across most large-cap tokens.
Bitcoin trades at $83,494, -3.0% over 24 hours. Among the 200 largest assets, Raydium (+10.3%) gained the most and Backpack (-14.9%) fell the most.
Today at a glance
- The market cap dropped 5.9% to $2.85 trillion on $100.8 billion of 24-hour volume.
- Ethereum's 5.4% slide outpaced Bitcoin's 3.0% fall, with Bitcoin dominance at 58.8%.
- Raydium led gainers at +10.3% while Backpack fell 14.9%.
Market overview
The total crypto market capitalisation stands at $2.85 trillion, down 5.9% over 24 hours, on trading volume of $100.8 billion. Bitcoin dominance is 58.8%. Among the largest assets, Bitcoin trades at $83,494, down 3.0%, and Ethereum at $2,566, down 5.4%. BNB is at $766.88 (-2.3%), XRP at $1.44 (-4.4%), Solana at $116.42 (-3.2%), TRON at $0.334 (-0.4%) and Zcash at $1,319 (-3.6%). Tether and USDC both hold $1.00, each unchanged at -0.0%. Figure Heloc is the only large-cap gainer, at $1.04 and up 0.4%.
| Asset | Price | 24h |
|---|---|---|
| Bitcoin (BTC) | $83,494 | -3.0% |
| Ethereum (ETH) | $2,566 | -5.4% |
| Tether (USDT) | $1.00 | -0.0% |
| BNB (BNB) | $766.88 | -2.3% |
| XRP (XRP) | $1.44 | -4.4% |
| USDC (USDC) | $1.00 | -0.0% |
| Solana (SOL) | $116.42 | -3.2% |
| TRON (TRX) | $0.334 | -0.4% |
| Figure Heloc (FIGR_HELOC) | $1.04 | +0.4% |
| Zcash (ZEC) | $1,319 | -3.6% |
Biggest movers
Raydium leads the gainers at $2.46, up 10.3%, followed by Pearl at $1.24 (+9.6%), Meteora at $0.335 (+8.2%) and The Sandbox at $0.0717 (+7.9%). Stacks rounds out the list at $0.395, up 3.9%. On the downside, Backpack falls 14.9% to $1.06, with Jito down 13.5% at $0.504, Grass down 11.9% at $0.645, Derive down 11.3% at $0.364 and Pyth Network down 11.1% at $0.0713. Declines among the losers are deeper than the gains at the top.
| Asset | Price | 24h |
|---|---|---|
| Raydium (RAY) | $2.46 | +10.3% |
| Pearl (PRL) | $1.24 | +9.6% |
| Meteora (MET) | $0.335 | +8.2% |
| The Sandbox (SAND) | $0.0717 | +7.9% |
| Stacks (STX) | $0.395 | +3.9% |
| Asset | Price | 24h |
|---|---|---|
| Backpack (BP) | $1.06 | -14.9% |
| Jito (JTO) | $0.504 | -13.5% |
| Grass (GRASS) | $0.645 | -11.9% |
| Derive (DRV) | $0.364 | -11.3% |
| Pyth Network (PYTH) | $0.0713 | -11.1% |
On the wire
Crypto Briefing reported crypto liquidations reaching $608 million as Ether longs unwound, including a $26.64 million hit on Binance, while CryptoSlate reported Bitcoin dropping to $84k with $143 million in liquidations and ETF inflows turning positive. CoinDesk reported Tom Lee saying Bitmine will stop token purchases. Crypto.news and Crypto Briefing both covered Tether's work with Kazakhstan on tenge stablecoins and tokenized assets, and Crypto.news also noted Chainlink falling 5%. Decrypt reported a 32-month sentence in a Bitcoin extortion plot, and Cointelegraph quoted Polymarket's CEO on "irrational exuberance."
SourceEther is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases — CoinDesk · 2026-10-07T12:40:31.000ZEngineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer — Decrypt · 2026-10-07T12:39:09.000ZTether, Kazakhstan plan tenge stablecoin pilot — Crypto.news · 2026-10-07T12:38:48.000ZCrypto liquidations hit $608 million as Ether longs unwind, with a $26.64 million hit on Binance — Crypto Briefing · 2026-10-07T12:34:59.000ZChasing 100x tokens is game of ‘irrational exuberance,’ says Polymarket CEO — Cointelegraph · 2026-10-07T12:29:39.000ZTether works with Kazakhstan’s central bank to explore tenge stablecoins and tokenized assets — Crypto Briefing · 2026-10-07T12:27:58.000ZChainlink price falls 5%: Can LINK recover above $15? — Crypto.news · 2026-10-07T12:22:35.000ZBitcoin drops to $84k sees $143 million in liquidations as ETF inflows turn positive — CryptoSlate · 2026-10-07T12:20:29.000Z