Cryptocurrencies are facing a decline as traders look forward to the much-anticipated payrolls data release from the U.S. on Wednesday morning. Positive inflows into U.S.-listed Bitcoin and Ethereum Spot ETF products have reduced losses. Data set to be unveiled by the U.S. Bureau of Labor Statistics is anticipated to reveal an increase of 70 jobs to payrolls in January, compared to 50 thousand in the prior month. The unemployment rate is expected to remain unchanged at 4.4 percent. Meanwhile, discussions at the White House involving the crypto sector and major financial institutions regarding the Digital Asset Market Clarity Act of 2025 continue to be complicated, particularly concerning the divisive topic of yield on stablecoins. Banks have firmly rejected any type of incentives associated with stablecoins, pushing for an outright prohibition on stablecoin yield. A collaborative announcement from the American Bankers Association, Bank Policy Institute, and Independent Community Bankers of America highlighted the importance of establishing a framework that fosters financial innovation while maintaining safety and soundness, as well as safeguarding the bank deposits essential for local lending and economic growth. In the ongoing clash between the crypto sector and banks, the Senate Banking Committee has encountered a setback in advancing the Digital Asset Market Clarity Act. Stablecoins occupy an important role in the crypto landscape, with a market capitalization of $314 billion, accounting for 13.7 percent of the overall crypto market capitalization of $2.29 trillion. Among the top 10 cryptocurrencies, two stablecoins stand out: one ranked 3rd and the other ranked 6th. Tether commands an 8.1 percent portion of the overall crypto market, with USDC trailing behind at 3.2 percent.
The total market capitalization of cryptocurrencies is currently at $2.29 trillion, showing a decrease of 2.2 percent in the past 24 hours. The trading volume over the past 24 hours has dropped by 15 percent, currently at $97 billion. The leading cryptocurrency has experienced a decline of 2.1 percent over the last 24 hours, currently trading at $67,047.94. The current price is roughly 47 percent lower than the peak of $126,198.07, achieved on October 7, 2025. The original cryptocurrency has seen a drop of 11.9 percent in the last week, with year-to-date losses surpassing 23 percent. The trading activity over the past 24 hours varied between 69,954.26 and 66,364.02. Bitcoin remains in the 13th spot in the global asset rankings by market capitalization, as per the latest data. On Tuesday, spot ETF products in the U.S. saw net inflows of $167 million, up from $145 million on Monday. ARK 21Shares Bitcoin ETF experienced impressive inflows of $69 million. Ethereum saw a decline of 2.7 percent overnight, closing at $1,949.41. The leading alternative cryptocurrency is presently valued at an impressive 61 percent less than its peak of $4,953.73, achieved on August 25, 2025. The trading activity over the past 24 hours varied between 2,045.21 and 1,932.36.
In a significant change, Ethereum has fallen two positions, now ranked 80th in the global asset hierarchy by market capitalization, as reported by companiesmarketcap.com. On Tuesday, Ethereum Spot ETF products in the U.S. saw net inflows of $14 million, down from the $57 million reported on Monday. The Grayscale Ethereum Mini Trust has experienced a significant increase in inflows, totaling an impressive $13 million. The 4th ranked cryptocurrency experienced a decline of 2.5 percent overnight, now trading at $1.37, which is approximately 64 percent lower than its all-time high of $3.84 reached on January 4, 2018. Currently holding the 5th rank, the asset experienced a decline of 5.3 percent overnight, bringing its price down to $592.20. Currently, the asset is trading at a level that is 57 percent lower than its all-time high of $1,370.55, which was reached on October 13, 2025. The 7th ranked Solana experienced a drop of 3.3 percent overnight, resulting in a price of $81.15. SOL is currently trading approximately 72 percent lower than its all-time high of 294.33, which was reached on January 19, 2025. Currently ranked 8th overall, the asset experienced a decline of 0.98 percent overnight and is now trading at $0.2739. The trading price currently sits at 38 percent below the cryptocurrency’s all-time high of 0.4407, which was recorded on December 4, 2024.
Currently sitting at the 9th rank, Dogecoin experienced a decline of 3.1 percent overnight, with its trading price now at $0.09003. Currently, the asset is trading at a staggering 88 percent below its previous peak of $0.7376, which was reached on May 8, 2021. Bitcoin Cash, currently sitting at the 10th rank, experienced a decline of 2.7 percent overnight, bringing its trading price to $514.18. This figure indicates a remarkable 88 percent decline from its peak of $4,355.62, achieved on December 20, 2017.