Cryptocurrencies have experienced an upward trend in the last 24 hours, despite markets gearing up for the Federal Reserve’s initial FOMC meeting following the start of the Middle East conflict. Even with the notable rise in crude oil prices stemming from the current conflict in the Middle East, which has brought back worries about inflation management and stricter interest rates, the mood in the crypto market stays strong. Bitcoin reached a high in the last 24 hours, while Ethereum climbed to a peak in the same timeframe. In the last 24 hours, the overall crypto market capitalization has experienced an increase of over half a percent. This comes as market participants stay alert concerning the ongoing conflict and the forthcoming interest rate decisions from various major central banks this week. Investments in Bitcoin and Ethereum Spot ETF products listed in the U.S. have strengthened market sentiment. The Federal Reserve is expected to keep rates steady at the current level of 3.50-3.75 percent in its announcement on Wednesday. The CME FedWatch tool, which tracks the expectations of interest rate traders, shows a notable 99.1 percent likelihood for a pause by the Federal Reserve.
The increase in cryptocurrency market value takes place amid a robust dollar, Wall Street futures lingering just under the flatline, a surge in crude oil prices, and a general softening in global bond markets. The total market capitalization of cryptocurrencies has increased by 0.55 percent in the past 24 hours, now standing at $2.52 trillion. Meanwhile, the 24-hour trading volume has increased by almost 30 percent, reaching $138 billion. In the latest market update, only 17 of the top 100 cryptocurrencies are facing overnight losses greater than one percent, while around 38 are seeing gains of over one percent during the same timeframe. Data shows that short positions have surpassed long positions in the 24-hour liquidation statistics, suggesting a possible short squeeze. In the past day, liquidations in the crypto market soared to an impressive $494 million. This figure encompasses $166 million from long positions and $328 million from short positions, indicating the enforced termination of leveraged trades by exchanges or lending protocols because of inadequate funds to manage possible losses. Bitcoin, the leading cryptocurrency, is currently trading 0.5 percent higher at $73,765.40. The current price is roughly 42 percent lower than the peak of $126,198.07, reached on October 7, 2025. The original cryptocurrency has experienced a 4.2 percent rise over the last week; however, it still faces a year-to-date drop of 15.7 percent in 2026.
Bitcoin Spot ETF products in the U.S. experienced net inflows increasing to $199 million on Monday, compared to $180 million on Friday. The market leader, iShares Bitcoin Trust, has achieved net inflows of $139 million, while the Fidelity Wise Origin Bitcoin Fund follows closely with net inflows of $65 million. Bitcoin continues to hold the 13th spot in the global ranking of all assets by market capitalization, as reported. Ethereum experienced a 1.9 percent increase overnight, with its trading price reaching $2,311.13. The prominent alternative cryptocurrency is currently trading at a staggering 53 percent below its all-time high of $4,953.73, which was achieved on August 25, 2025. Ethereum Spot ETF products in the U.S. saw net inflows of $36 million on Monday, up from $27 million on Friday. Fidelity Ethereum Fund led the pack with inflows of $35 million, closely trailed by iShares Staked Ethereum Trust ETF, which saw inflows of $32 million. The iShares Ethereum Trust experienced outflows totaling $16 million. In a notable move, Ethereum has surged four spots to claim the 57th position in the global asset rankings by market capitalization, according to data. XRP has climbed to the 4th position overall following an overnight increase of 2.5 percent. Currently, XRP is trading at $1.50, which is approximately 61 percent lower than its all-time high of $3.84 reached on January 4, 2018. 5th ranked BNB experienced a nearly one percent decline overnight, bringing its price down to $671.58. Currently, the asset is trading at a level that is 51 percent below its all-time high of $1,370.55, which was reached on October 13, 2025.
The price of the 7th ranked cryptocurrency surged nearly a quarter percent overnight, reaching $93.76. SOL is currently trading approximately 68 percent lower than its all-time high of 294.33, which was reached on January 19, 2025. Holding the 8th position overall, the asset saw a 1.1 percent increase overnight and is presently trading at $0.3013. The trading price currently sits at 32 percent below the cryptocurrency’s all-time high of $0.4407, recorded on December 4, 2024. Dogecoin, currently sitting at the 9th rank, experienced a slight decline of 0.43 percent overnight, with its trading price at $0.1004. Currently, the asset is trading at a staggering 86 percent below its peak price of $0.7376, which was reached on May 8, 2021. Hyperliquid has reclaimed the 10th position overall, experiencing an overnight surge of 4.5 percent. Cardano has slipped to the 11th position overall. The current value stands at $40.80, reflecting a decline of about 31 percent from its highest point of $59.39 achieved on September 18, 2025.