Significant outflows from Bitcoin Spot ETF products listed in the U.S. and the closing of long positions in crypto have revealed a clear negative sentiment in the cryptocurrency markets. Bitcoin has seen a drop, hitting a 4-month low of $61,336 in the past 24 hours, as the total cryptocurrency market capitalisation has decreased to $2.17 trillion during this period. The renewed concerns regarding the AI economy, prompted by the disappointing forecast from chip giant Broadcom, have extended to the broader digital assets space, with a particular focus on cryptocurrencies linked to AI. The drop in cryptocurrencies is happening amidst a backdrop of varied feelings in global markets, influenced by the uncertain geopolitical situation in the Middle East and worries about technology valuations associated with artificial intelligence. Reports of a ceasefire between Israel and Lebanon, along with renewed expectations of a U.S.-Iran deal, have resulted in a drop in crude oil prices exceeding 3 percent, while the Dollar Index has seen a decline of about 0.3 percent. Sovereign bond yields have mostly decreased, while gold has risen by more than one percent. However, a mixed sentiment prevails on Wall Street amidst concerns regarding the enthusiasm surrounding artificial intelligence and expenditures related to it. While the Dow Jones has experienced a rally of 1.5 percent, the Nasdaq Composite has seen a decline of approximately 1 percent.
Significant crypto liquidations continued over the last 24 hours, as reported. Crypto liquidations, which refer to the forced closure of a trader’s leveraged position by an exchange or lending protocol because of insufficient funds to cover potential losses, reached $1.79 billion, up from $1.76 billion the day before. Long positions liquidated reached $1.5 billion, closely matching the $1.53 billion reported the day before. Short positions liquidated increased to $289 million from $229 million the day before. The apprehension and caution within the cryptocurrency market are clear in CoinMarketCap’s Fear and Greed Index, which has fallen into the “extreme fear” category, recording a reading of 19. The index recorded a value of 23 yesterday and 32 one week ago. The continuous withdrawal of funds from exchange-traded products, along with significant debt reduction, has limited the overall market value of cryptocurrencies. The overall value of the crypto market has dropped by 3.9 percent in the last 24 hours, currently at $2.21 trillion. The market capitalisation of the AI and Big Data category has, however, experienced a decline exceeding 10.2 percent over the past 24 hours.
The 24-hour trading volume, however, saw a 14 percent rise, hitting $158 billion. About six of the top one hundred cryptocurrencies are seeing overnight gains of more than one percent, while more than seventy-five are dealing with overnight losses that exceed one percent. Bitcoin, the largest cryptocurrency, is currently down 3.7 percent, priced at $64,331.65. The current price is about 49 percent lower than the all-time high of 126,198.07, which was recorded on October 7, 2025. The original cryptocurrency has seen a decrease of 11.4 percent over the past week and a notable decline of 26.5 percent since the beginning of the year. Amidst renewed institutional caution, Bitcoin Spot ETF products in the U.S. saw net outflows of $397 million on Wednesday, down from $519 million on Tuesday. iShares Bitcoin Trust ETF experienced net outflows amounting to $342 million. Bitcoin continues to hold the 14th spot in the global ranking of all assets based on market capitalisation, according to reports. It is located between Samsung, which is in the 13th position, and Micron Technology, ranked 15th.
Ethereum experienced a decline of 3.9 percent overnight, with its current trading value at $1,789.78. The leading alternate coin is currently trading 64 percent below its peak value of $4,953.73, which was recorded on August 25, 2025. The 24-hour trading varied between $1,865.35 and $1,717.80. Ethereum Spot ETF products in the U.S. saw net outflows of $53 million on Wednesday, down from the $90 million recorded on Tuesday. With outflows of $52 million, iShares Ethereum Trust ETF accounted for the largest portion of the outflows. After the overnight decline, the total market value has fallen to $215 billion, causing Ethereum to slip to the 100th position in the global ranking of all assets by market value, according to reports. The fourth-ranked asset experienced a decline of 4.5 percent overnight, bringing its price down to $604.59. BNB is currently situated 56 percent below its peak of $1,370.55, achieved on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, declined by 4 percent overnight and is currently trading at $1.17, approximately 68 percent below the all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency experienced a decline of 5.3 percent overnight, settling at $70.38. SOL’s current price is roughly 76 percent below its peak of $294.33, achieved on January 19, 2025.
On Wednesday, Solana ETF products in the U.S. saw outflows of $13 million, in contrast to the $7 million inflows noted on Tuesday. TRON, positioned 8th overall, saw a decrease of 1.4 percent overnight and is now trading at $0.3286. The trading price is currently 25 percent lower than the cryptocurrency’s peak of $0.4407, reached on December 4, 2024. 9th ranked Hyperliquid dropped 7.1 percent in the past 24 hours. HYPE is currently priced at $67.36, which is about 11 percent lower than its peak of $64.59, reached on May 26, 2026. Hyperliquid ETF products in the U.S. saw net inflows of $3 million on both Wednesday and Tuesday. Memecoin Dogecoin, ranked 10th overall, experienced a decline of 4.8 percent overnight and is currently valued at $0.0894. DOGE is currently situated 88 percent below its highest price of $0.7376, reached on May 8, 2021. 79th ranked Siren led overnight gains among the top 100 cryptocurrencies, experiencing an increase of over 19 percent. The 28th ranked NEAR Protocol experienced a significant decline, leading the top 100 cryptocurrencies with a drop exceeding 21 percent overnight.