Crypto Market Cap Fell About $340 Billion in October as Bitcoin Share Grew

Total crypto market capitalization fell about $340 billion in October as Bitcoin’s share of the smaller market rose and public venue feeds recorded $6.22 billion in forcibly closed futures positions. UTC daily snapshots put the market’s value at $2.94 trillion on Oct. 1 and $2.60 trillion on Oct. 31, a calculated decline of 11.6%. The Oct. 31 reading was taken around 7:55 p.m. ET (23:55 UTC), using the final five-minute point of that UTC day. The Oct. 1 figure was reconstructed from tracked assets; the series used a global market measure from Oct. 2 onward. Market capitalization is calculated by multiplying each tracked asset’s price by its circulating supply.

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