Cryptocurrencies saw a rise early on Tuesday, though there was a significant air of caution. This sentiment reflected the ongoing concerns regarding the forthcoming Federal Open Markets Committee meeting on Wednesday, coupled with a surge of profit-taking activities. Lack of clarity regarding the terms of the U.S.-Iran agreement also dampened the relief rally. Bitcoin fluctuated within a range of 67,248.14 to 65,621.73 over the last 24 hours. Overall, the crypto market capitalisation saw a rise of nearly 2 percent during that period. The fluctuations in cryptocurrency prices are happening in conjunction with falling sovereign bond yields, a weakening dollar, a notable decline in crude oil prices, and slight increases in Wall Street Futures. The cryptocurrency markets reacted to the expected interest rate hike by the Bank of Japan and the steady position of the Reserve Bank of Australia, all while keeping a close watch on the upcoming interest rate decision from the Federal Reserve set for Wednesday.
The CME FedWatch tool, which monitors the expectations of interest rate traders, indicates a 99.5 percent probability that the Federal Reserve will maintain the target rate at its current level of 3.50-3.75 percent on Wednesday. However, markets appear to have factored in expectations for rate increases in the medium-term outlook. The likelihood of the Federal Reserve’s target rate increasing to 3.75-4.00 percent is currently at 6.9 percent for the July FOMC meeting and 26.9 percent for the upcoming decision in September. Worries about the extended rise in interest rates have limited the growth in cryptocurrency prices. The near-stable market sentiment is evident in CoinMarketCap’s Fear and Greed Index, which acts as a measure of the current mood in the cryptocurrency market. The index holds steady at 25, reflecting a condition of “fear,” in contrast to 14, which indicated “extreme fear” just a week ago, and 43, signifying “neutral,” from a month earlier. Liquidation of short positions continued to exceed long positions, indicating positive sentiments in the market. Statistics indicate a notable number of short positions were liquidated in the last 24 hours.
In the last day, the total amount of forced closures of leveraged positions in the crypto market reached $525 million, as traders faced insufficient funds to cover potential losses. Short positions amounted to 363 million dollars, significantly exceeding long positions which totalled 163 million dollars. The total value of the cryptocurrency market has risen by 1.7 percent in the past 24 hours, now standing at $2.28 trillion. Among the top 100 cryptocurrencies, around 50 are seeing overnight gains of more than one percent, while less than 10 are encountering overnight losses greater than one percent. Bitcoin, the largest cryptocurrency, is currently valued at $66,557.17, reflecting a 1.3 percent increase. The current price is roughly 47 percent lower than the peak of $126,198.07, noted on October 7, 2025. The original cryptocurrency has seen a rise of 6.2 percent over the past week; however, it still faces losses nearing 24 percent for the year so far. Markets also processed the latest reports from Virginia-based Strategy Inc, which on Monday disclosed the acquisition of 1587 Bitcoins valued at $100 million during the timeframe from June 8 to June 14. Under the guidance of Michael Saylor, the prominent Bitcoin treasury firm has boosted its total Bitcoin holdings to 846,842. The average cost of the holdings is $75,656. On Monday, Bitcoin Spot ETF products in the U.S. saw net outflows of $65 million, in contrast to the net inflows of $86 million noted on Friday. Greyscale Bitcoin Trust ETF saw net outflows of $124 million, whereas the market leader, iShares Bitcoin Trust, achieved net inflows of $66 million. Bitcoin is currently ranked 15th in the global asset hierarchy by market capitalisation, as reported. Bitcoin is the only cryptocurrency that ranks within the top 100 of the global standings.
Ethereum experienced a 4 percent increase overnight, with its current trading price at $1,795.08. The leading alternate coin is currently trading at a level that is 64 percent lower than its all-time high of $4,953.73, which was reached on August 25, 2025. The 24-hour trading varied between $1,847.77 and $1,733.70. Ethereum Spot ETF products in the U.S. saw net inflows of $23 million on Monday, in contrast to the net outflows of $5 million noted on Friday. The 4th ranked asset experienced a slight decline of 0.06 percent overnight, bringing its price down to $614.38. BNB is currently situated 55 percent below its peak of $1,370.55, achieved on October 13, 2025. 5th ranked XRP, a payments-focused cryptocurrency, gained 4.7 percent overnight and is currently trading at $1.24, around 68 percent below its all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency increased 4.9 percent overnight to $74.95. SOL’s current price is roughly 75 percent below its peak of $294.33, achieved on January 19, 2025. On Monday, SOL Spot ETF products in the U.S. saw inflows totalling $2.7 million.
TRON, positioned 8th overall, saw a decrease of 0.61 percent overnight and is now trading at $0.3176. The trading price is currently 28 percent lower than the cryptocurrency’s peak of $0.4407, reached on December 4, 2024. Hyperliquid, currently in the 9th position, experienced a notable increase of 11.9 percent overnight, bringing its trading price to $75.29. The cryptocurrency recently hit an all-time high of $76.02. HYPE Spot ETF products in the U.S. saw net inflows of $17 million on Monday. Memecoin Dogecoin, ranked 10th overall, dipped by 0.01 percent overnight and is currently trading at $0.0885. DOGE is currently situated 88 percent below its highest price of $0.7376, attained on May 8, 2021. Jito, ranked 97th, led the overnight gains among the top 100 cryptocurrencies with a remarkable increase of over 30 percent. Humanity, ranked 77th, led the recovery from overnight losses among the top 100 cryptocurrencies, despite experiencing a decline exceeding 36 percent.