Digital-asset market logs seventh straight decline as investors remain risk-averse

Cryptocurrency prices dipped for a seventh consecutive session on October 23 despite Bitcoin holding around $108,544 and Ethereum at $3,810. Total market capitalization stood near $3.75 trillion, down 2.3% week-on-week. Analysts blamed profit-booking and uncertainty around global rate moves. Meme tokens saw sharp outflows while stablecoin volumes rose. Traders expect near-term consolidation until macro data clarifies risk appetite. BNB and SOL remained resilient, posting minor gains. Despite the pullback, market funding rates stayed positive, suggesting limited bearish leverage.