Binance Research: Crypto Market Cap Drops 9.1% to $2.70T as…
By PressRelease
AI summary of the source article
Total crypto market capitalization dropped 9.1% to $2.70T in October, pressured by inflation data and a technology stock sell-off. Spot Ether and Bitcoin ETFs experienced net outflows of approximately $1.6B and $516M, respectively.
Key facts
- Total crypto market capitalization dropped 9.1% in October to US$2.70T, reversing most of September's 11.0% gain.
- Spot Ether ETFs saw about US$1.6B in net outflows and spot Bitcoin ETFs recorded US$516M in net outflows.
- The OCC finalised its GENIUS Act rule on October 21 to set reserve, redemption, and risk management standards for payment stablecoin issuers.
Source excerpt · FinanceFeeds
Key Facts Binance Research says total crypto market capitalisation dropped 9.1% in October to US$2.70T, undoing most of September's 11.0% advance. Spot BTC ETFs recorded about US$516M of net outflows and Ether ETFs about US$1.6B, the heaviest monthly Ether ETF outflow of 2026. Amazon, Alphabet, Meta, Microsoft and Oracle spent US$230B on capex in 3Q26, pushing their combined free cash flow to -US$…