Cryptocurrency losses intensified on Yesterday, driven by heightened concerns regarding the potential impact of advancements in artificial intelligence on the technology and software sectors. Comments from Treasury Secretary Scott Bessent indicating that a government bailout of crypto is off the table intensified the sell-off. Persistent outflows from Bitcoin Spot ETF products in the U.S., coupled with renewed cautions regarding the relationship between cryptocurrency downturns and precious metal sell-offs, have intensified the selling pressure. Bitcoin experienced a decline, reaching a 24-hour low of $70,035, while the overall cryptocurrency market capitalization also fell to a 24-hour low of $2.41 trillion. Following the losses observed on Wednesday, equity benchmarks across Asia and Europe exhibited a subdued performance. On Thursday, Futures are exhibiting a lack of directional movement in their trading patterns. In the context of the sell-off in equity markets and the volatile price movements in the precious metals sector, cryptocurrencies have experienced a significant decline. Data indicates that in the past 24 hours, crypto liquidations—defined as the forced closure of a trader’s leveraged position by an exchange or lending protocol due to insufficient funds (margin or collateral) to cover potential losses—totaled $876 million. This figure includes long positions amounting to $715 million and short positions totaling $161 million.
The overall cryptocurrency market capitalization stands at $2.43 trillion, reflecting a decline of 5.6 percent over the past 24 hours. The 24-hour trading volume has, however, experienced a 21 percent increase overnight. Within the leading 100 cryptocurrencies, approximately 80 have experienced overnight declines exceeding one percent. The CMC Fear and Greed Index currently stands slightly above the year-low of 10 (extreme fear) recorded on November 22, 2025. The index has further declined into the “Extreme fear” territory, falling to 11 from 14 the previous day. Bitcoin, the largest cryptocurrency, has experienced a decline of 5.9 percent over the past 24 hours, currently trading at $71,557.47. The present value stands approximately 43 percent beneath the historical peak of $126,198.07, which was achieved on October 7, 2025. The original cryptocurrency has experienced a decline of 18.5 percent over the past week and is contending with year-to-date losses amounting to 18.2 percent. Despite the decline, Bitcoin continues to hold the 13th position in the global ranking of all assets based on market capitalization, as reported. With the crypto market’s anchor asset Bitcoin trading around the $71.5k level, losses in the top-ranked Bitcoin Treasury company Strategy Inc have intensified. The Virginia-headquartered company possesses Bitcoin holdings amounting to 713,504, acquired at an average cost of $76,052.
On Wednesday, Bitcoin Spot ETF products in the U.S. experienced net outflows amounting to $545 million, compared to $272 million on Tuesday. iShares Bitcoin Trust experienced outflows amounting to $373 million. Ethereum has experienced a decline of 5.4 percent overnight, settling at $2,133.67. The prominent alternative cryptocurrency is currently valued at 57 percent less than its peak of $4,953.73, which was achieved on August 25, 2025. The trading activity over the past 24 hours fluctuated between $2,262.71 and $2,070.35. Meanwhile, Ethereum has fallen one position to the 69th rank in the global hierarchy of assets based on market capitalization, as reported by companiesmarketcap.com. On Wednesday, Ethereum Spot ETF products in the U.S. experienced net outflows amounting to $79 million, contrasting with net inflows of $14 million observed the previous day. iShares Ethereum Trust ETF recorded outflows of $59 million, while Fidelity Ethereum Fund experienced outflows of $21 million. The fourth-ranked BNB experienced a decline of 7.6 percent overnight, bringing its price down to 697.82. BNB is currently positioned 49 percent beneath its all-time peak of $1,370.55, which was reached on October 13, 2025.
The fifth-ranked XRP experienced a decline of 12.2 percent overnight, now trading at $1.40, which positions it approximately 63 percent below its all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked Solana experienced a decline of 4.8 percent overnight, settling at $92.26. SOL’s current price stands approximately 69 percent beneath its all-time high of $294.33, which was reached on January 19, 2025. TRON, ranked 8th overall, experienced a decline of 1.9 percent overnight and is currently trading at $0.2810. The trading price stands at 36 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. The ninth-ranked Dogecoin experienced a decline of 6.1 percent overnight, currently trading at $0.1012. DOGE currently stands at a level that is 88 percent lower than its prior peak of $0.7376, which was reached on May 8, 2021. Bitcoin Cash ascended to the 10th position overall, coinciding with a 7.1 percent decrease in the price of Cardano. BCH experienced a decline of merely 0.25 percent overnight and is presently valued at $524.56, reflecting a significant 88 percent drop from the cryptocurrency’s all-time peak.