The decline in cryptocurrencies, led by Bitcoin, intensified on Tuesday as markets reacted to the sale of Bitcoins by Michael Saylor’s Strategy Inc. Losses were limited as reports suggested that the diplomatic route continued to progress towards resolving the conflict in the Middle East. Overall cryptocurrency market capitalisation has seen a decline of nearly 3 percent in the last 24 hours, with Bitcoin reaching a low of $69,251. Market sentiment remains heavily impacted by the recent Bitcoin transactions carried out by Strategy Inc, the leading firm in Bitcoin treasury management. On Monday, Strategy Inc announced the sale of 32 of its Bitcoin assets that occurred between May 26 and 31. The company’s initial sale in four years has unsettled trust in Bitcoin and the wider cryptocurrency market as a whole. The decline in the crypto market sentiment is clear in CoinMarketCap’s Fear and Greed Index, which has sunk further into the “fear” zone. The index is currently at 29, a decrease from 31 yesterday and 37 a week ago. The negative sentiment surrounding the Bitcoin sales by long-time supporter Michael Saylor has resulted in substantial crypto liquidations in the last 24 hours. Data reveals that crypto liquidations, which refer to the forced closure of a trader’s leveraged position by an exchange or lending protocol due to insufficient funds to cover potential losses, have reached a staggering $795 million. Long positions amounted to $681 million, whereas short positions were at $113 million. In the midst of the recent wave of crypto liquidations, the total market capitalisation for cryptocurrencies has dropped by 2.9 percent over the past 24 hours, currently at $2.39 trillion. The trading volume over the past 24 hours has increased significantly by 46 percent, now totalling $112 billion.
About 20 of the top 100 cryptocurrencies are seeing overnight gains of more than one percent, while more than 45 are dealing with overnight losses of over one percent. The overwhelming optimism regarding the future of AI and the possibility of a surge in initial public offerings has also created significant ripples in the digital assets arena. Despite a widespread downturn in the cryptocurrency market, assets linked to the AI & Big Data sector experienced an overnight surge of 3.94 percent in market capitalisation. Bitcoin’s dominance in the crypto market is at 58.2 percent, with Ethereum, the top altcoin, accounting for a 10 percent share of the total market. In light of the increased risk aversion, stablecoins currently account for 13.4 percent of the total cryptocurrency market. Bitcoin, the largest cryptocurrency, is currently trading at $69,339.71, reflecting a decline of 4.2 percent. The current price is about 45 percent lower than the all-time high of $126,198.07, achieved on October 7, 2025. The original cryptocurrency has seen a decrease of 10.1 percent over the past week and a notable decline of 20.8 percent year-to-date. Bitcoin Spot ETF products in the U.S. saw a notable rise in net outflows, reaching $484 million on Monday, an increase from $125 million on Friday. With outflows totalling $440 million, the iShares Bitcoin Trust ETF accounted for the majority of these withdrawals. Morgan Stanley Bitcoin Trust has reported inflows totalling $6 million. Bitcoin continues to hold its position at 14th in the global asset ranking based on market capitalisation, according to reports. It is positioned between Samsung, ranked 13th, and Micron Technology, which is at 15th.
Ethereum experienced a slight decline of 0.2 percent overnight, trading at $1,975.37. The leading alternate coin is currently trading significantly lower than its peak of $4,953.73, which was reached on August 25, 2025. The 24-hour trading varied between $2,005.82 and $1,956.15. Ethereum Spot ETF products in the U.S. saw a significant increase in net outflows, reaching $45 million on Monday, up from $18 million on Friday. With outflows totalling $35 million, the iShares Ethereum Trust ETF experienced the most significant withdrawals. Ethereum has held its 85th position in the global ranking of all assets based on market capitalisation data. 4th ranked BNB experienced a decline of 2.6 percent overnight, bringing its price down to $677.54. BNB is currently trading at an impressive 51 percent below its peak of $1,370.55, which was achieved on October 13, 2025. 5th ranked XRP, a payments-focused cryptocurrency, has seen a decline of 3.2 percent overnight and is currently trading at $1.26, which is approximately 67 percent below its all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency experienced a decline of 2.3 percent overnight, settling at $78.87. SOL’s current price is around 73 percent below its peak of $294.33, achieved on January 19, 2025.
On Monday, Solana investment products in the U.S. saw no inflows. TRON has secured the 8th position overall, but experienced a decline of 2.1 percent overnight, with its current trading price at $0.3422. The trading price currently sits at 22 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. 9th ranked Hyperliquid has seen a decline of 0.91 percent over the last 24 hours. HYPE is currently priced at $72.62, sitting approximately 4 percent lower than its all-time high of $64.59, which was reached on May 26, 2026. Hyperliquid ETF products in the U.S. experienced net inflows of $1 million on Monday. Memecoin Dogecoin, currently holding the 10th position overall, experienced a decline of 0.91 percent overnight and is now trading at $0.0987. DOGE is currently trading at an impressive 87 percent below its peak price of $0.7376, which was reached on May 8, 2021. 11th ranked Zcash stands out as the top non-stablecoin cryptocurrency trading in the overnight positive zone.