Cryptocurrencies are currently trading near the flatline as global markets turn their attention to the December jobs data from the U.S. and a possible ruling from the U.S. Supreme Court regarding President Trump’s invocation of emergency powers to impose tariffs. Markets continued to process the persistent outflows from Bitcoin Spot ETF products in the U.S. In summary the crypto market capitalization stands at $3.09 trillion, reflecting a 0.33 percent increase overnight. The focus of the market is set on the U.S. jobs data expected to be released on Friday morning. The upcoming data is anticipated to reveal an increase of 60 thousand in non-farm payrolls for December, compared to 64 thousand in November. The unemployment rate, which stood at 4.6 percent in November, is anticipated to decrease to 4.5 percent. With the Federal Reserve’s dual goals of achieving maximum employment and maintaining stable prices, signs of a robust labor market may likely reduce the anticipation for additional easing measures from the Federal Reserve.
The Summary of Economic Projections published in December indicates that the Federal Reserve has maintained its unemployment rate forecast for 2025 at 4.5 percent. The Fed indicated this level for 2025 back in June and has maintained it consistently since then. The forecast for 2026 remains unchanged at the 4.4 percent level that was projected in September. The global markets are also closely watching for a potential ruling from the U.S. Supreme Court regarding the tariffs implemented during the Trump administration. The tariffs were enacted under the International Emergency Economic Powers Act of 1977, and the courts are anticipated to deliver a ruling on whether the legislation granted the authority to implement these extensive tariffs. Significant outflows from Bitcoin and Ethereum spot ETF products in the U.S. have impacted market sentiment negatively. On Thursday, Bitcoin Spot ETF products in the U.S. experienced net outflows totaling $399 million, a decrease from the $486 million in outflows recorded on Wednesday and the $243 million seen on Tuesday. Market leader iShares Bitcoin Trust ETF experienced significant outflows, totaling $193 million, while Fidelity Wise Origin Bitcoin Fund followed closely with outflows of $121 million.
On Thursday, Ethereum Spot ETF products in the U.S. experienced net outflows totaling $159 million, an increase from the $98 million recorded on Wednesday. The iShares Ethereum Trust ETF experienced significant net outflows, totaling $108 million. The overall crypto market capitalization stands at $3.09 trillion, reflecting a 0.33 percent increase overnight. The 24-hour trading volume has seen a decline of 8.6 percent overnight, now sitting at $101 billion. Approximately 15 of the leading 100 cryptocurrencies are experiencing overnight losses exceeding one percent, while 33 are showing overnight gains surpassing one percent. Bitcoin has seen a 0.35 percent increase over the last 24 hours, now trading at $90,403.06. The current price sits approximately 28 percent beneath the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has seen a rally of 1.1 percent over the past week. The trading activity over the past 24 hours fluctuated between $91,520.19 and $89,233.88. Bitcoin currently holds a commanding 58.4 percent share of the total cryptocurrency market. Ethereum experienced a decline of 0.76 percent overnight, now trading at $3,091.08. The top alternative cryptocurrency is currently trading at a staggering 38 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The trading activity over the past 24 hours fluctuated between $3,140.71 and $3,052.51. Ether’s dominance in the crypto market stands at approximately 12.1 percent. Bitcoin holds the 8th position, while Ethereum is ranked 38th in the global asset rankings based on market capitalization, according to data.
XRP, currently holding the 4th position, has seen a 0.85 percent increase overnight, bringing its trading price to $2.10. This figure remains approximately 45 percent lower than its all-time high of $3.84, which was reached on January 4, 2018. 5th ranked BNB saw a 0.66 percent increase overnight, bringing its price to $890.16. BNB is currently trading at a level that is 35 percent lower than its all-time high of $1,370.55, which was reached on October 13, 2025. The 6th ranked Solana saw a rally of 2.8 percent overnight, bringing its price to $138.25. SOL is currently trading approximately 53 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. TRON, currently ranked 8th overall, experienced a 1 percent drop overnight and is now trading at $0.2930. The trading price currently sits at 34 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. Dogecoin, holding the 9th rank, saw a slight dip of 0.13 percent overnight and is now trading at $0.1403. DOGE is currently trading at a staggering 81 percent below its previous peak of $0.7376, which was recorded on May 8, 2021. Cardano, currently holding the 10th rank, saw an overnight increase of 0.65 percent, bringing its trading price to $0.3917. ADA is presently trading 87 percent beneath the all-time high of $3.10 reached on September 2, 2021. Polygon, currently sitting at the 50th rank, led the overnight gains among the top 100 cryptocurrencies, achieving an impressive increase of 12.2 percent. Seventeenth-ranked Zcash experienced an overnight surge of 9.9 percent. Sky, currently ranked 54th, managed to outperform its peers in the top 100 cryptocurrencies, despite experiencing an overnight decline of 5.4 percent. World Liberty Financial, currently positioned at 26th, experienced a decline of 4.3 percent.