Crypto Market Loses $360 Billion in October as Solana, Ethereum Lead Losses

The total crypto market capitalization dropped from $2.94 trillion to $2.58 trillion in October, wiping out approximately $360 billion. Bitcoin declined 11.37%, recording its second consecutive negative October for the first time since 2011–2012. Solana fell 25.81%, Ethereum dropped 21.71%, and XRP lost 16.96% during the month. The cryptocurrency market lost around $360 billion in October as Bitcoin and major altcoins ended the month lower. Total market cap fell from $2.94 trillion on October 1 to $2.58 trillion on October 31, with Solana and Ethereum recording some of the major losses.