Cryptocurrencies encountered notable challenges as hopes for rate reductions were moderated, with the Fed contending with the difficulty of addressing ongoing inflation alongside a softening labor market. Uncertainty increased as the Fed’s consistently highlighted data-driven decision-making encountered obstacles due to the lack of data resulting from the current shutdown of the U.S. government. The total value of the crypto market dropped by 4 percent overnight, now standing at $3.45 trillion. In a significant overnight change, 83 of the top 100 cryptocurrencies saw a drop of over one percent, while only 5 managed to increase by more than 1 percent. Bitcoin reached a 24-hour low of $103,633. Bitcoin saw a decline of 3.5 percent overnight, currently valued at $103,761.68, which is about 18 percent below its peak of $126,198.07 achieved on October 7. The original cryptocurrency has experienced a drop of 9.4 percent over the last week, yet it has successfully recorded gains of over 11 percent in 2025 to date. The trading range in the last 24 hours varied from $108,286.85 to $103,633.40.
Ethereum saw a notable decline of 6.2 percent overnight, currently priced at $3,485.44. Expected growth for 2025 stands at 4.6 percent. Ether is presently valued at a level that is 30 percent beneath its peak price. The trading activity over the past 24 hours varied between $3,746.15 and $3,461.47. Currently ranked 4th, XRP experienced a decline of 5.6 percent overnight, now trading at $2.26. The 6th ranked Solana experienced a drop of 8.5 percent overnight, reducing its price to $160.70. The leading cryptocurrency is currently experiencing year-to-date losses of 15 percent. Currently ranked 8th overall, TRON experienced a 5 percent decline overnight and is now trading at $0.2804. Dogecoin, now ranked 9th, saw a drop of 4.7 percent overnight, bringing its price to $0.1652. DOGE has seen a drop of more than 47 percent thus far in 2025. Cardano, now positioned at the 10th spot, saw a drop of 5.9 percent overnight, reducing its trading price to $0.5413. Decred, currently sitting at the 76th rank, surged by an impressive 136 percent, while Dash, ranked 48th, experienced a notable increase of over 70 percent. Both coins saw a significant rise as focus returned to privacy coins. In the latest market movements, the 85th ranked SPX6900 emerged as the least affected among the top 100 cryptocurrencies, experiencing a decline of 16.6 percent overnight. 88th ranked Morpho experienced overnight losses of 14.3 percent.
The latest report indicates that digital asset investment products saw a withdrawal of $360 million last week. Investors viewed Fed Chair Powell’s comments about potential December rate cuts as hawkish, leading to a sense of uncertainty in the markets. In the latest report, Bitcoin took the lead in asset flows, iShares ETF stood out as the leading provider, and the United States was the frontrunner in flows by country over the past week. Year-to-date inflows reached $49 billion, while total assets under management amounted to $227.4 billion. Products linked to Bitcoin saw substantial outflows amounting to $946 million. Solana-based products experienced remarkable inflows amounting to $421 million. Ethereum-based products experienced inflows of $58 million, with XRP-based products not far behind at $43 million. Bitcoin products showcase a remarkable AUM of $175.7 billion. The assets under management of Ethereum-based products reached $34.8 billion.
The provider-wise analysis of flows indicates outflows of $390 million from iShares Fidelity. Wise Origin Bitcoin Fund saw outflows amounting to $156 million. Bitwise Funds Trust has disclosed outflows amounting to $92 million. iShares ETF stands out with an impressive cumulative AUM of $103.3 billion. Even with outflows exceeding $2.4 billion in 2025, Grayscale Investments boasts a remarkable AUM of $32.4 billion. The Fidelity Wise Origin Bitcoin Fund showcases a remarkable AUM of $22.5 billion. In addition to Grayscale Investments, ARK 21Shares has faced outflows during the current year. The United States faced outflows of $439 million during the period, whereas Germany recorded inflows of $32 million. Switzerland saw a total of $30.8 million in inflows. Sweden has announced outflows amounting to $11 million. Of the total AUM of $227 billion, a notable $158.5 billion is situated in the United States. Switzerland has an AUM of $7.7 billion, and Germany has an AUM of $7.4 billion. Canada showcases a remarkable AUM of $6.8 billion. Sweden and Brazil have seen net outflows for the year so far.