🚨 BTC dropped 3.33% in a single day! LIT plummeted 12.59%, MemeCore surged against the trend by 14.73%, is the market about to change?

The cryptocurrency market is under pressure again! On October 23, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all fell simultaneously, with major crypto assets generally weakening. Amid the market's overall correction, some altcoins exhibited completely different trends, with MemeCore (M) rising counter to the trend by 14.73%, becoming the leader among the top 100 cryptocurrencies by market capitalization, while Lighter (LIT) saw a significant decline of 12.59%, becoming the cryptocurrency with the largest drop.

According to CoinMarketCap data, as of 10:00 AM KST on October 23, 2026, BTC was valued at $81,289.77, down 3.33% in 24 hours; ETH was at $2,388.32, down 3.28%; XRP was at $1.30, down 3.92%.

Mainstream coins collectively retraced, but altcoins showed noticeable differentiation in performance. Is this merely a normal market adjustment, or is capital reallocating? What signals should investors focus on moving forward?

BTC dropped back to around $81,300, mainstream coins are under pressure

From the latest market data, this round of correction is not solely due to Bitcoin weakening, but rather multiple major crypto assets are falling simultaneously.

BTC dropped 3.33%, and the price fell back to around $81,300. ETH fell by 3.28%, while XRP's drop reached 3.92%, indicating that major crypto assets are under general selling pressure.

SOL and DOGE dropped 3.11% and 3.60%, respectively, while AVAX and WLD further expanded their declines to 5.75% and 5.94%, respectively.

In contrast, TRX only fell 0.61%, showing relatively strong resistance to declines.

It is important to note that the daily drop can only indicate short-term market performance and cannot directly confirm that a trend has reversed. However, when multiple major coins weaken simultaneously, investors need to pay more attention to the overall market's risk appetite and whether capital is reducing exposure to high-volatility assets.

M rose 14.73% against the trend, is capital starting to search for localized opportunities?

When mainstream coins like BTC and ETH collectively fell, MemeCore (M) showed a contrary trend.

Data shows that M had the largest increase among the top 100 cryptocurrencies by market capitalization, rising 14.73% in 24 hours. This performance starkly contrasts with the decline of mainstream coins, making it one of the most watched strong coins in this market round.

However, relying solely on price increase does not determine that capital has fully shifted to the Meme sector, nor does it confirm that this rise can be sustained.

In an environment where the overall market is under pressure, some individual tokens may still exhibit independent trends due to their own trading demand, market attention, or other project-related factors. However, without sustained trading volume and buying support, short-term strength may quickly fade.

For traders, MemeCore's performance is worth observing, but it is not advisable to chase highs directly just because it rose against the trend.

What truly needs attention is: during subsequent pullbacks, can the price maintain relative strength? Can trading volume continue? Does the rise have sustainability?

If these signals are not confirmed, then the 14.73% increase could also signal greater short-term volatility risk.

LIT plummeted 12.59%, altcoin differentiation intensified

In contrast to MemeCore's strength, Lighter (LIT) became the cryptocurrency with the largest drop this round, falling 12.59% in 24 hours.

It is noteworthy that LIT had previously seen a significant increase in market conditions, but on October 23, its trend dramatically changed.

This switch in strength reminds investors that tokens with large short-term increases may not necessarily continue leading the rally. When market sentiment weakens, some high-volatility assets may face more intense price adjustments.

However, the data currently available does not explain the specific reasons for LIT's drop, so it cannot simply be attributed to profit-taking, capital withdrawal, or any project-related news. Further judgment requires analysis of trading volume, capital flow, and project-related information.

Besides LIT, other coins also experienced varying degrees of correction.

• AVAX down 5.75%, at $9.11.

• WLD down 5.94%, at $0.5481.

• WLFI down 5.11%, at $0.05362.

These data suggest that not all assets within the current market are falling by the same magnitude, and the performance disparities between different tokens remain evident.

For investors, rather than simply searching for the coin with the largest decline to buy at the bottom, it is better to first observe whether the market stabilizes before judging if specific assets can continue to strengthen.

QUAI and ALEO rise against the trend, localized market still has highlights

Although mainstream coins are generally weakening, not all altcoins are in decline.

According to the provided data, Quai Network (QUAI) rose 2.37%, valued at $0.05362; Aleo (ALEO) rose 2.06%, valued at $0.03946.

These two coins still increased amid the general market correction, showing a certain level of relative strength.

However, rising against the trend does not mean they will definitely become the leaders of the next market cycle. Short-term performance may be affected by trading volume, market sentiment, and individual factors, requiring confirmation from subsequent market conditions.

Additionally, there is a point to note regarding QUAI's price data: the original data indicates its price as $0.05362, with a 24-hour increase of 2.37%, but the change between this price and the previous day's market data needs to be further verified. This article retains the provided quotes and increases, but investors should base their trading decisions on real-time market conditions.

For traders focusing on altcoins, what is currently more worth studying is which assets can maintain relative strength during market declines and whether such strength can continue after BTC stabilizes.

Two new tokens added in 24 hours, caution required for new project trading

CoinMarketCap data shows that two new cryptocurrencies have been added in the past 24 hours:

• Universal High Income (UHI)

• Giga Tenev (GIGATENEV)

The emergence of new tokens increases new trading targets in the market, but launching does not mean the project's quality has been verified, nor does it mean the tokens have adequate liquidity.

For newly launched or short-trading history assets, investors should focus on project background, contract address, trading platforms, liquidity depth, and token distribution.

Especially during overall market declines, tokens with insufficient liquidity may experience greater bid-ask spreads and extreme volatility. Before participating in trading, be sure to verify relevant information, avoiding decisions based solely on short-term increases or social media trends.

What’s next for BTC? Focus on three signals

After BTC retreated to around $81,300, the key moving forward is not to speculate whether the next candlestick will go up or down, but to observe whether the market can produce effective signs of stopping the decline.

Focus on whether BTC can stabilize

If BTC can gradually stabilize around the current area and show continued buying interest, the market may see a phase of recovery. However, if the price continues to weaken and trading volume increases, one needs to be cautious of escalating selling pressure.

Currently, relying on just the daily rise and fall data, it cannot be confirmed that $81,300 has established effective support, and real-time price structure and trading volume need to be considered.

Focus on whether ETH and XRP can recover in sync

ETH and XRP fell 3.28% and 3.92%, respectively, mirroring BTC’s overall performance.

If BTC later rebounds, and ETH and XRP can also rise together, it indicates that the market recovery may no longer be limited to just a single asset. Conversely, if BTC rebounds but other major coins remain weak, caution should be exercised regarding the breadth of market increases.

Focus on differentiation in altcoin strength

M rose 14.73% against the trend, while LIT fell 12.59%, with QUAI and ALEO showing trends in different directions.

This differentiation indicates that one cannot simply judge the performance of all altcoins based on BTC’s rise and fall. For short-term traders, the overall market direction, the relative strength of individual tokens, and actual trading conditions should be considered together.

Conclusion: Amidst overall market declines, opportunities and risks are both magnified

On October 23, the overall cryptocurrency market corrected, with BTC dropping 3.33%, ETH down 3.28%, and XRP down 3.92%, while several mainstream coins were under pressure.

However, the altcoin market did not entirely synchronize its decline. MemeCore surged by 14.73%, QUAI and ALEO slightly strengthened, while LIT plummeted by 12.59%, showing that the strong and weak differentiation between different tokens remains evident.

Moving forward, investors need to focus on whether BTC can stabilize, whether mainstream coins can recover in sync, and whether the altcoins that rose against the trend can maintain their strength.

Until the market direction is clarified, it is inadvisable to determine trends based solely on daily rises and falls, nor should one blindly chase highs simply because a certain coin has risen against the trend.

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