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24 Hour Crypto Recap: Market Overview
The global crypto market cap fell 1.1% to $2.843 trillion over the past 24 hours. Bitcoin traded at $81,652.42, down 1.3% on the day and down 0.2% over the past week. Ethereum changed hands at $2,403.31, down 1.3% in 24 hours and down 1.1% over seven days. BNB slipped 0.3% to $738.00 but remains up 1.5% weekly. XRP fell 1.8% to $1.32, down 0.9% over the week. Solana dropped 1.2% to $104.01, down 1.0% over seven days. Bitcoin's market dominance was at 60%, its highest level since May. Axis Robotics led trending searches, down 3.4% to $0.2792. Pearl fell 11.6% to $2.12, Pudgy Penguins slipped 1.4% to $0.007874, Starknet dropped 5.4% to $0.05305, and Quantus eased 0.8% to $89.62. Among top gainers, Dacity Coin surged 128.0% to $0.01753, and DAI on PulseChain climbed 82.6% to $0.002338. Ambire Wallet rose 64.7% to $0.02112, Magma Finance gained 50.0% to $0.4985, and Yellow added 45.3% to $0.1438. Bitcoin spot ETFs shed $635 million on October 22, with BlackRock’s IBIT accounting for $254 million of the outflows, while Morgan Stanley’s MSBT took in $2.33 million. Ethereum spot ETFs lost $111 million, led by BlackRock’s ETHA at $75.4543 million. SOL ETFs recorded $8.515 million in outflows and HYPE ETFs $7.8788 million. Glassnode said Bitcoin is again testing the ETF holder cost basis near $81,000. In its view, a decisive close below that level could open a path toward $70,000. Lookonchain said 40 newly created wallets have withdrawn 9,458 BTC, worth $771.5 million, from Wintermute since October 1. It was reported that Visa is in talks to acquire Fireblocks at a valuation of about $2.5 billion. Fireblocks said the report is not accurate, and Visa declined to comment. a16z managing partner Chris Dixon said a16z Crypto has been renamed a16z Frontier. The fund will back a broader set of frontier startups while continuing its existing crypto investments.