The latest job market report from the U.S. on Friday surpassed expectations, resulting in diminished expectations for rate cuts from the Fed and consequently leading to a drop in cryptocurrencies. The recent rise in tensions between the U.S. and Iran has influenced market sentiment. The total market capitalization of cryptocurrencies has experienced a decrease of nearly 1 percent in the past 24 hours. Recent data indicates that the American economy saw an addition of 115 thousand jobs in April, compared to a revised figure of 185 thousand in the previous month. Markets were expecting a much smaller rise of 62 thousand. The unemployment rate remains steady at 4.3 percent, consistent with predictions. The robust employment figures have increased the likelihood of sustained high interest rates, resulting in a dip in sentiment towards digital currencies. Since cryptocurrencies typically do not generate interest, higher interest rates increase the opportunity cost of maintaining these assets. In light of the waning market sentiment, CoinMarketCap’s Fear and Greed Index, which measures the atmosphere in the crypto market, has slipped deeper into the “neutral” territory, changing from 48 to 47 within a single day. The current lackluster sentiment in the markets is also reflected in the 24-hour liquidation statistics.
The most recent 24-hour liquidation data shows that long positions are greatly exceeding short positions. In the past day, liquidations in the crypto market totaled an impressive $254 million. This figure includes 194 million from long positions and 60 million from short positions, highlighting the forced closure of leveraged trades due to insufficient funds to cover potential losses. The total value of the crypto market has dropped by 0.90 percent over the past 24 hours, currently at $2.65 trillion. The 24-hour trading volume has seen a significant drop of 24 percent, currently at $101 billion. About 25 of the top 100 cryptocurrencies have seen overnight gains of more than one percent, while around 23 are facing overnight losses greater than one percent. Bitcoin, the leading cryptocurrency, is currently trading at $79,997.46, reflecting a decline of 0.76 percent. The current price is roughly 37 percent lower than the peak of $126,198.07, achieved on October 7, 2025. The original cryptocurrency has, however, experienced a 1.7 percent rise over the past week, reducing year-to-date losses to 8.6 percent. On Thursday, Bitcoin Spot ETF products in the U.S. saw net outflows of $269 million, in stark contrast to the net inflows of $46 million noted on Wednesday. The Fidelity Wise Origin Bitcoin Fund experienced significant outflows, totaling $129 million, while the iShares Bitcoin Trust ETF also faced substantial withdrawals, amounting to $98 million. Bitcoin ranks 11th in the global asset hierarchy based on market capitalization, as reported. Saudi Aramco is in the 10th position, and Meta Platforms is in the 12th position.
Ethereum experienced a decline of 1.4 percent overnight, with its trading price at $2,283.47. The prominent alternative cryptocurrency is currently trading at a staggering 54 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. On Thursday, Ethereum Spot ETF products in the U.S. saw net outflows of $104 million, a significant shift from the net inflows of $12 million noted on Wednesday. Ethereum has fallen two places to the 65th rank in the global list of all assets by market capitalization, as reported. The dominance of Bitcoin in the cryptocurrency market has risen to 60.48 percent. At the same time, Ethereum’s share of the crypto market has decreased to 10.41 percent. In the present environment of slight risk aversion, stablecoins have experienced growth, now accounting for 12.15 percent of the overall crypto market. 4th ranked BNB experienced a decline of over a percent overnight, bringing its price down to $640.01. BNB is currently trading at a staggering 53 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. 5th ranked XRP experienced a decline of 0.83 percent overnight, now trading at $1.39. This places it around 64 percent lower than its peak of $3.84, attained on January 4, 2018.
The price of the 7th ranked cryptocurrency dipped by 0.01 percent overnight, settling at $88.81. SOL is currently trading approximately 70 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. TRON secured the 8th position overall, experiencing a rally of 0.41 percent overnight and is presently trading at $0.3494. The current trading price is 21 percent below the cryptocurrency’s all-time high of 0.4407, which was reached on December 4, 2024. In the latest market update, the 9th ranked Dogecoin has experienced a decline of 2.2 percent overnight, with its current trading price sitting at $0.1071. The current trading price is an astonishing 85 percent lower than its peak price of $0.7376, which was achieved on May 8, 2021. 10th ranked Hyperliquid has experienced a decline of 0.21 percent over the last 24 hours. HYPE is currently priced at 42.41, reflecting a decline of approximately 29 percent from its all-time high of 59.39, which was reached on September 18, 2025.