In brief
- The total market cap of all cryptocurrencies fell 5.9% to $3.64 trillion Friday morning, its lowest level since July 2025.
- The sell-off was driven by a “flight to safety” amid fears over U.S. regional bank stability.
- Liquidations hit $1.09 billion as major altcoins slid, with BNB seeing the largest decline.
The cryptocurrency market extended its losses on Thursday, as Bitcoin’s renewed sell-off triggered a new wave of liquidations, pushing major altcoins to multi-week lows.
The downturn was led by Bitcoin, which fell 5.6% over the past 24 hours to an intraday low of $104,853, according to CoinGecko data.
The slide dragged the total crypto market capitalization down by 5.9% to $3.64 trillion, its lowest level since July,…
Oct 21 2025
