Cryptocurrencies experienced a downturn as market participants held their breath in anticipation of the upcoming economic data releases from the U.S. this week. Geopolitical tensions persistently influenced market sentiment. On Tuesday, Bitcoin Spot ETF products in the U.S. experienced significant outflows, which subsequently influenced cryptocurrency market sentiment on Wednesday. On Wednesday, the U.S. is set to unveil significant data, including the ISM Services PMI for December and the JOLTs job openings report for November. On Friday, the non-farm payrolls data and the unemployment report for December are set to be released. Markets are anticipating a slight decline in the ISM Services PMI, projecting it to drop to 52.3 in December, down from 52.6 in the prior month. Data released on Monday revealed that the ISM manufacturing PMI unexpectedly fell to 47.9 in December, down from 48.2 in the prior month. Job openings in the U.S. are projected to reach 7.6 million in November, a slight decrease from 7.67 million in October, based on data anticipated from the US Bureau of Labor Statistics on Wednesday morning. The Federal Reserve has once again emphasized a data-dependent monetary policy approach, placing the market’s focus squarely on upcoming data releases that will shed light on the economy’s strength, particularly regarding the labor market.
The overall crypto market capitalization stands at $3.15 trillion, reflecting a decline of over 1.6 percent overnight as geopolitical tensions and uncertainties in monetary policy impacted market sentiment. The 24-hour trading volume has surged by 8 percent overnight, reaching $136 billion. Approximately 60 of the leading 100 cryptocurrencies are experiencing overnight losses exceeding one percent. Four of the top 100 cryptocurrencies are currently experiencing year-to-date losses exceeding one percent. Bitcoin has seen a drop of 1.7 percent over the last 24 hours, currently trading at $92,176.47. The current price sits approximately 27 percent lower than the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has surged by 3.8 percent over the last week. The trading activity over the past 24 hours fluctuated between $94,395.30 and $91,286.55. Bitcoin holds a commanding 58.2 percent share of the total cryptocurrency market. On Tuesday, Bitcoin Spot ETF products in the U.S. experienced net outflows totaling $243 million, a stark contrast to the net inflows of $697 million recorded on Monday. The market leader, iShares Bitcoin Trust ETF, has seen impressive inflows of $229 million, while the Fidelity Wise Origin Bitcoin Fund experienced significant outflows, totaling $312 million.
Ethereum experienced a decline of 0.47 percent overnight, bringing its trading price to $3,224.29. The top alternative cryptocurrency is currently trading at a staggering 35 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The trading over the past 24 hours fluctuated between $3,303.56 and $3,184.01. Ether’s dominance in the crypto market stands at approximately 12.3 percent. On Tuesday, Ethereum Spot ETF products in the U.S. experienced net inflows of $115 million, a decrease from the $168 million inflows noted on Monday. The iShares Ethereum Trust ETF has seen impressive net inflows, reaching a total of $199 million. Bitcoin holds its position at 8th in the global asset rankings based on market capitalization, according to data from companiesmarketcap.com. Ethereum has, however, dropped two spots to the 36th position. XRP, currently holding the 4th rank, has experienced a significant drop of over 5 percent overnight, now trading at $2.25. This price is approximately 41 percent lower than its all-time high of $3.84, which was reached on January 4, 2018.
BNB, currently holding the 5th rank, experienced a slight decline of 0.25 percent overnight, bringing its price down to $910.72. BNB is currently trading at a level that is 34 percent lower than its all-time high of $1,370.55, which was reached on October 13, 2025. The 6th ranked Solana experienced a decline of 0.86 percent overnight, bringing its price to $137.98. SOL is currently trading approximately 53 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. TRON is currently positioned at 8th overall, having experienced a 1.1 percent increase overnight, and is now trading at $0.2948. The trading price currently sits at 33 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. Dogecoin, currently ranked 9th, experienced a decline of 0.92 percent overnight, with its trading price at $0.1491. DOGE is currently trading at a staggering 80 percent below its previous peak of $0.7376, which was reached on May 8, 2021. Cardano, currently sitting at the 10th rank, experienced a decline of 1.6 percent overnight, bringing its trading price to $0.4153. ADA is presently trading 87 percent beneath its all-time high of $3.10, which was reached on September 2, 2021. In a notable move, 40th ranked MemeCore emerged as the leader in overnight gains among the top 100 cryptocurrencies, recording an impressive increase of 3.5 percent. 97th ranked Morpho experienced overnight gains of nearly 1.5 percent. 32nd ranked Mantle emerged as a standout, recovering from overnight losses among the top 100 cryptocurrencies, despite experiencing a decline of 6.5 percent. Dash, currently sitting at the 91st rank, experienced a decline of 8.1 percent.