Crypto Market Update – Morning Briefing Friday, October 9, 2026 | 10:00 UTC Overnight Summary (What Happened While We Slept) Global market cap declined 3.58% in 24h to $2.78T — Postrally profittaking and potential macro headwinds triggered broad liquidations across BTC, ETH, and midcap alts (CoinGecko). Bitcoin weakness despite 59.6% dominance — BTC's safehaven premium didn't hold; the lack of fresh bullish catalysts and tightening correlations with traditional risk assets (equities/commodities) pulled the largest cap lower throughout the night session (CoinDesk). Altseason stalled midnarrative — Smallcap tokens (Hood Sword Inu and fringe projects) surged while proven alts (NEAR, BCH, CRV) posted 6% to 13% losses, signaling shallow conviction and capital rotation into speculation rather than fundamental value (CoinGabbar). Fear & Greed at 59 (Greed) — Despite the 3.58% pullback