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Crypto Market Falls 4.59% as Binance, Bybit and OKX See $263.2 Million in Liquidations

Bitcoin was $81,712 at 9:05 a.m. ET Thursday; a later check at 01:58 UTC put it at $81,415.

Updated 1 min read
A commuter checks a smartphone on a rainy Gangnam sidewalk in Seoul after dark / TokenPost.ai
A commuter checks a smartphone on a rainy Gangnam sidewalk in Seoul after dark / TokenPost.ai

Crypto market value was $2.75 trillion in a Thursday, Oct. 22 reading, 4.59% below its level a day earlier, while liquidations across three exchanges totaled $263.2 million, with all six tracked major assets lower.

At 9:05 a.m. ET Thursday (13:05 UTC), Bitcoin (BTC) was $81,712, down 2.49% over the preceding 24 hours. Ether (ETH) fell 3.41% to $2,400, XRP (XRP) lost 2.92% to $1.32 and Solana (SOL) dropped 2.87% to $104.40. Dogecoin (DOGE) shed 3.67% to $0.0794, the largest decline among the six, while BNB (BNB) had the smallest, down 2.06% at $732.55.

A later CoinGecko and exchange spot reading at 01:58 UTC Friday (9:58 p.m. ET Thursday) put Bitcoin at $81,415, down 2.47% over 24 hours. Ether was $2,393.86, down 2.39%; BNB, $733.41, down 1.48%; XRP, $1.31, down 2.64%; Solana, $104.11, down 1.93%; and Dogecoin, $0.0792, down 2.42%.

The earlier snapshot recorded $90.01 billion in marketwide trading volume over 24 hours. Long liquidations accounted for $161.3 million of the total, compared with $101.9 million for shorts. Bitcoin represented 59.4% of crypto market value, and Ether 10.6%.

An Oct. 18 EconoTimes market reading put total crypto value at $2.70 trillion after a 4.85% 24-hour decline, while Bitcoin fell 0.85%. The two snapshots cover different 24-hour periods.

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