The recent relief rally in the crypto markets, sparked by President Trump’s extension of the ceasefire with Iran, has driven cryptocurrency market capitalization up by more than 3 percent in the past 24 hours. Bitcoin reached a 24-hour peak of 79,077, while Ethereum hit a high of 2,423 in the same timeframe. The most recent 24-hour liquidation data shows that short positions are surpassing long positions. In the past day, liquidations in the crypto market soared to an impressive $428 million. This figure includes 116 million from long positions and 311 million from short positions, highlighting the intense volatility in the market as exchanges and lending protocols enforce forced closures of leveraged positions due to insufficient funds to cover potential losses. As global market sentiment shows a notable increase, Fear and Greed Index has risen to 63, reflecting a transition into the “greed” category from a neutral position of 57 just a day earlier. Only a week ago, it was at 55.
In a wave of positive market sentiment, the overall crypto market capitalization has surged by 3.2 percent over the last 24 hours, reaching a significant milestone of $2.63 trillion. The trading volume over the past 24 hours has dropped by 15 percent, currently at $152 billion. About 62 of the top 100 cryptocurrencies are seeing overnight gains of more than one percent, while 7 are dealing with overnight losses of over one percent. Bitcoin is currently trading 4.2 percent higher at $78,899.75. The current price is roughly 37 percent below the peak of $126,198.07, reached on October 7, 2025. The original cryptocurrency has experienced a 6.6 percent rise over the past week, reducing its year-to-date losses to 9.8 percent. On Tuesday, Bitcoin Spot ETF products in the U.S. saw net inflows of $12 million, significantly lower than the $238 million reported on Monday. The leading entity, iShares Bitcoin Trust ETF, has reached an important milestone with net inflows totaling $39 million. Bitcoin holds the 12th spot in the global asset rankings by market capitalization, as reported by companiesmarketcap.com. Meta Platforms holds the 11th position, while Tesla is positioned at 13th.
Ethereum experienced a notable increase of 4.9 percent overnight, with its trading price hitting $2,420.10. The notable altcoin is presently valued at an astonishing 51 percent lower than its peak of $4,953.73, achieved on August 25, 2025. On Tuesday, Ethereum Spot ETF products in the U.S. experienced net inflows of $43 million, down from the $68 million observed on Monday. The iShares Ethereum Trust has seen impressive inflows amounting to $37 million. Currently, Ethereum is ranked 61st in the global asset standings based on market capitalization, as reported by companiesmarketcap.com. The notable alternative cryptocurrency was ranked 64th just a day earlier. Bitcoin is currently leading the crypto market with a commanding share, while Ethereum holds a significant portion of the market. XRP, currently holding the 4th rank, saw an overnight increase of 1.8 percent, bringing its trading price to $1.45. This figure is still about 62 percent below its peak of $3.84, achieved on January 4, 2018. 5th ranked BNB saw a 3.2 percent increase overnight, bringing its price up to $651.73. Currently, the asset is trading 52 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 4 percent overnight, reaching $89.14. Currently, the asset is trading approximately 70 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 slight increase of half a percent overnight and is now trading at $0.3316. The current trading price is 25 percent lower than the cryptocurrency’s all-time high of $0.4407, reached on December 4, 2024. Dogecoin, currently sitting at the 9th rank, saw a 3.1 percent increase overnight, bringing its trading price to $0.0981. 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 seen a 2.5 percent increase over the last 24 hours. HYPE is currently priced at 41.36, which is approximately 30 percent lower than its all-time high of 59.39 reached on September 18, 2025. In a notable overnight performance, the 79th ranked Pudgy Penguins led the pack among the top 100 cryptocurrencies, experiencing a remarkable surge of nearly 13 percent. The cryptocurrency is currently trading around 85 percent lower than its peak value, which was achieved in December 2024.