Summary
- Total crypto market capitalization fell 4.3% to $2.56 trillion in 24 hours.
- Bitcoin dropped 2.25% to $76,463.56 while Ethereum fell 2.01% to $2,249.09.
- Zcash led major losers, sinking 10.99% to $1,126.07 amid the broader decline.
The global crypto market shed roughly $115 billion in value over the past 24 hours, with the total market capitalization falling 4.3% to $2.56 trillion, according to CoinGecko data. Trading volume across the sector reached $67.5 billion. Bitcoin's dominance held near 59.8% even as the largest cryptocurrency fell 2.25% to $76,463.56, while Ethereum slipped 2.01% to $2,249.09, maintaining a 10.7% share of total market value.
The decline followed the largest single-day outflow from BlackRock's spot Bitcoin ETF since June, with the fund losing $405.3 million on Monday. US spot Bitcoin funds collectively recorded nearly $399 million in net outflows as November opened, a signal of institutional investors pulling back from the asset after months of inflows. ARK Invest, meanwhile, added roughly $17 million in Coinbase and Circle shares across two sessions while trimming its Bullish holdings, a move that came as crypto-linked equities also declined.
NEAR Protocol was among the hardest-hit major tokens, falling 9.06% to $3.75, appearing in both the trending-coins list and the day's top losers. Zcash posted the steepest drop among widely tracked assets, down 10.99% to $1,126.07. Other decliners included Ethena, off 6.79% to $0.168, and Aave, down 5.29% to $126.60. Hyperliquid fell 4.31% to $82.98 and Solana dropped 3.11% to $91.57, rounding out a session in which virtually every major token except stablecoins and a handful of smaller names traded lower.
Against the broader slide, THORChain stood out as the rare gainer among trending tokens, rising 8.64% to $0.584. Rain posted the largest percentage gain across tracked assets, up 7.51% to $0.0065, while Monero added 2.27% to reach $621.23 and TRON gained 1.82% to $0.321. Stablecoin-adjacent assets Dai and Ondo US Dollar Yield were essentially flat, as expected given their pegged design.
The selloff coincided with renewed scrutiny of exchange security. ZachXBT raised his estimate of suspected crypto theft tied to a European incident to $133 million after identifying an additional $27 million in exchange withdrawals. Separately, Binance said it had begun a second phase of withdrawals following a prior disruption, with additional assets becoming available as security checks concluded. Crypto.com also said it would wind down its consumer app in Hong Kong in February, citing regulatory changes. With ETF outflows accelerating and risk appetite fading, traders will watch whether Bitcoin can hold support near current levels in coming sessions.