Cryptocurrencies have seen a decline as global markets prepared for President Donald Trump’s upcoming address at the World Economic Forum in Davos on Wednesday afternoon. The speech holds importance as global markets struggle with the chaos instigated by the President’s tariff threats related to Greenland. The inverse correlation between cryptocurrencies and gold persisted on Wednesday as well. Bitcoin experienced a decline of 2.1 percent overnight, while gold futures saw an increase of over 2 percent in the last 24 hours. Gold Futures for February settlement are presently priced at $4,863.25 per troy ounce, experiencing a surge of over 2 percent in the last 24 hours. Prices reached an unprecedented peak of $4,890.35 earlier in the trading session. The overall crypto market capitalization stands at $3.01 trillion, reflecting a 2.1 percent decline overnight. Fifteen of the top 100 cryptocurrencies are experiencing overnight gains exceeding one percent. Simultaneously, 52 out of the top 100 cryptocurrencies are experiencing overnight losses exceeding one percent.
The decline in sentiment within the cryptocurrency market was also evident in the CMC Fear and Greed Index. The index has fallen from the “neutral” zone into “fear,” registering a decline to 32. The reading was recorded at 42 a day prior and 52 a week prior. According to data, the crypto market experienced liquidations totaling $862 million in the last 24 hours. This figure represents the forced closure of leveraged positions by exchanges or lending protocols due to insufficient funds, whether margin or collateral, to cover potential losses. The total liquidations comprised $754 million in long positions and $108 million in short positions. On Tuesday, the crypto markets experienced significant outflows from Bitcoin and Ethereum Spot ETF products in the U.S. On Tuesday, Bitcoin Spot ETF products in the U.S. experienced net outflows totaling $480 million, an increase from $395 million reported on Monday. The Grayscale Bitcoin Trust ETF experienced significant outflows, totaling $161 million, while the Fidelity Wise Origin Bitcoin Fund also faced notable withdrawals of $152 million. On Tuesday, Ethereum Spot ETF products in the U.S. experienced net outflows totaling $230 million, contrasting with the $5 million in inflows recorded on Monday. The iShares Ethereum Trust ETF experienced significant net outflows amounting to $92 million. Bitcoin has experienced a drop of 2.14 percent over the last 24 hours, currently trading at $89,199.89. The present price sits approximately 29 percent beneath the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a decline of 6.1 percent over the past week, yet it maintains year-to-date gains of 1.9 percent. The trading activity over the past 24 hours fluctuated between $91,343.84 and $87,814.93.
Ethereum has experienced a decline of 4.6 percent overnight, now trading at $2,961.33. The prominent alternative cryptocurrency is currently trading at a staggering 40 percent below its all-time high of $4,953.73, which was achieved on August 25, 2025. The trading activity over the past 24 hours fluctuated between $3,111.04 and $2,921.12. Bitcoin currently holds a commanding 59.19 percent share of the total crypto market. Ethereum’s current market share in the crypto space stands at 11.90 percent. BNB, currently ranked 4th, experienced a decline of 4.4 percent overnight, bringing its price down to $874.03. BNB is currently trading at a level that is 36 percent lower than its all-time high of $1,370.55, which was reached on October 13, 2025. XRP, currently holding the 5th rank, experienced a decline of 1.2 percent overnight, bringing its trading price to $1.90. This figure is approximately 50 percent lower than its all-time high of $3.84, which was reached on January 4, 2018. The price of Solana, currently ranked 7th, saw a decline of 1.2 percent overnight, settling at $127.55. SOL is currently trading approximately 57 percent lower than its all-time high of $294.33, which was reached on January 19, 2025.
TRON, now positioned 8th overall, experienced a decline of 2.8 percent overnight and is currently trading at $0.2960. The current trading price sits at a notable 33 percent below the cryptocurrency’s all-time high of $0.4407, which was reached on December 4, 2024. Dogecoin, currently sitting at the 9th spot, experienced a decline of 0.9 percent overnight, with its trading price at $0.1244. DOGE is currently trading at a staggering 83 percent below its previous peak of $0.7376, which was recorded on May 8, 2021. Cardano, currently sitting at the 10th rank, experienced a decline of 0.74 percent overnight, bringing its trading price to $0.3577. ADA is presently trading 88 percent below its all-time high of $3.10, which was reached on September 2, 2021. In the latest market movements, 23rd ranked Canton and 77th ranked LayerZero have emerged as the frontrunners, each posting impressive overnight gains exceeding 11 percent among the top 100 cryptocurrencies. 98th ranked Lighter experienced overnight gains of 7.1 percent. Monero, currently sitting at the 12th rank, has emerged as the standout performer among the top 100 cryptocurrencies, despite facing overnight losses of 14.6 percent. Seventeenth-ranked Hyperliquid experienced overnight losses of 8.9 percent.