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Crypto majors drop 3-5% after selloff; OKX raises at $25B valuation with major investors

Market News
07 Oct 2026
Decrypt
View Source
Bullish
Crypto majors drop 3-5% after selloff; OKX raises at $25B valuation with major investors

Crypto markets fell 3-5% following an evening selloff, with Bitcoin dropping to $83.6K and over $550M in long positions liquidated, led by Ethereum. Despite $119M inflows into Bitcoin ETFs, Ethereum ETFs saw $202M outflows. OKX secured new investment at a $25 billion valuation from notable backers including Circle, Ripple, and Standard Chartered, signaling its expansion into a broader fintech platform. Meanwhile, Abstract announced it will shut down its Ethereum-based Layer 2 network on December 15 due to funding losses.

XRP holds a market cap of Rp1.631,02 trillion and a 24-hour trading volume of Rp52,55 trillion on Pluang as of Oct 07, 2026 19:35 WIB. The token is down 4.31% in the last day, with 65% of Pluang users selling and 35% buying. Typical holding time for XRP on the platform is 71 days, indicating moderate-term investor interest during this period of crypto market volatility.

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