A sense of careful hope fills the crypto markets as excitement grows in anticipation of the discussions between the U.S. and Iran. Positive inflows into Bitcoin and Ethereum Spot ETF products listed in the U.S. boosted market sentiment. Inline readings of headline inflation and core inflation levels that did not meet expectations from the U.S. for March also strengthened sentiment. The overnight decline in crude oil prices further strengthened market sentiment. The total market value of cryptocurrencies has risen by more than one percent in the past 24 hours, with Bitcoin hitting a high of $73,107 during this period. On Thursday, Bitcoin Spot ETF products in the U.S. saw net inflows of $358 million, marking a significant change from the net outflows of $94 million noted on Wednesday and $159 million on Tuesday. The iShares Bitcoin Trust has emerged as the market leader, boasting impressive net inflows of $269 million. Fidelity Wise Origin Bitcoin Fund reported net inflows totaling $53 million. On Thursday, Ethereum Spot ETF products in the U.S. experienced net inflows of $85 million, marking a significant change from the net outflows of $19 million noted on Wednesday and $65 million on Tuesday. The iShares Ethereum Trust had impressive inflows of $91 million, while the iShares Staked Ethereum Trust also saw significant activity, recording inflows of $14 million.
Markets responded favorably to the lack of any adverse surprises concerning inflation. Recent data from the U.S. Bureau of Labor Statistics indicates that headline inflation readings are in line with expectations. Annual headline inflation increased to 3.3 percent, rising from 2.4 percent, in accordance with the predictions. Headline inflation on a month-on-month basis increased to 0.9 percent from 0.3 percent, exactly matching market expectations. Core consumer prices in the United States, not including food and energy, experienced a rise of 2.6 percent compared to the previous year. Market analysts had expected a rise to 2.7 percent from February’s 2.5 percent. In a similar vein, core inflation remained steady at 0.2 percent month-on-month, contrary to market expectations of a rise to 0.3 percent. The recent geopolitical de-escalation resulting from the U.S.-Iran ceasefire, along with optimism surrounding the upcoming negotiations between the two countries, has created a positive momentum and led to a short squeeze. Data indicates that short positions have surpassed long positions in the 24-hour liquidation statistics. In the past day, liquidations in the crypto market totaled an impressive $362 million. This figure encompasses $104 million from long positions and $258 million from short positions, illustrating the mandatory closure of leveraged trades because of a lack of funds to manage possible losses.
Fear and Greed Index, which measures sentiment in the crypto market, has risen to 47 from 45, shifting further into the “neutral” zone over the past day. The reading was at 25 a week earlier, suggesting a condition of “fear”. Following a boost in market sentiment, the overall crypto market capitalization has increased by 1.2 percent in the past 24 hours, now standing at $2.45 trillion. The 24-hour trading volume has increased by 12 percent, hitting a significant $100 billion. About 58 of the top 100 cryptocurrencies are seeing overnight increases of more than one percent, while only 11 are dealing with overnight declines greater than one percent. Bitcoin, the leading cryptocurrency, is currently trading 1.5 percent higher at $72,205.75. The current price is about 43 percent lower than the all-time high of $126,198.07, achieved on October 7, 2025. The original cryptocurrency has increased by 8.4 percent over the past week, reducing its year-to-date losses to 17.5 percent. Bitcoin holds its rank at number 12 in the global asset standings by market capitalization, based on information from sources. Meta Platforms holds the 11th position, while Tesla is positioned at 13th. Ethereum experienced a 1.7 percent increase overnight, with its trading price reaching $2,217.35. The prominent alternative cryptocurrency is currently trading at a staggering 55 percent below its all-time high of $4,953.73, which was reached on August 25, 2025.
In the latest update, Ethereum has climbed to the 71st position in the global asset rankings based on market capitalization, according to reports. XRP, currently holding the 4th rank, saw an increase of 0.94 percent overnight, bringing its trading price to $1.34. This figure is still around 65 percent below its peak of $3.84, which was attained on January 4, 2018. 5th ranked BNB experienced a slight dip of 0.03 percent overnight, bringing its price down to $602.72. BNB is currently trading at a staggering 56 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. Solana, currently holding the 7th rank, saw a 2.3 percent increase overnight, bringing its price to $84.08. SOL’s current price is roughly 71 percent lower than its peak of $294.33, achieved on January 19, 2025. Currently ranked 8th overall, the cryptocurrency experienced a slight decline of 0.12 percent overnight and is now trading at $0.3181. The trading price currently sits at 28 percent below the cryptocurrency’s all-time high of $0.4407, recorded on December 4, 2024. Dogecoin, currently sitting at the 9th rank, saw a 1.6 percent increase overnight, bringing its trading price to $0.0930. Currently, the asset is trading at a staggering 87 percent below its peak price of $0.7376, which was reached on May 8, 2021. 10th ranked Hyperliquid has surged by 5.4 percent over the last 24 hours. HYPE is currently priced at 41.26, reflecting a decline of approximately 31 percent from its all-time high of 59.39, which was achieved on September 18, 2025.