Markets· ★★★· bearish·

Crypto market cap sheds $200 billion in under a month

  • —Market cap dropped from $2.9 trillion to $2.68 trillion, down about 7% in a month
  • —Bitcoin ETFs lost $636 million on October 22, roughly 60% of the prior three-day inflow
  • —Ether ETFs shed $111 million the same day
  • —BTC at $80,850 (-1.3%), ETH below $2,400 (-1.3%)
Why it matters: Traders are focused on the Fed's October 27–28 FOMC meeting; clarity on rates and a return of ETF inflows will decide whether the rebound resumes.
Source: Bloomingbit