In the middle of a new wave of profit booking, the excitement in cryptocurrency markets that followed the U.S. inflation data that were lower than anticipated faded. The selloff tempered the ascent in cryptocurrency prices, leading to a decline in overall crypto market capitalisation of approximately half a percent overnight. Inflows to U.S.-listed Bitcoin Spot ETF products on Wednesday mitigated losses, while an unexpected rate hike by the Bank of Korea, along with the ongoing geopolitical tensions in the Middle East, negatively impacted sentiment. Bitcoin fluctuated within a range of $65,508 to $63,846 over the last 24 hours. The CMC Crypto Fear and Greed Index, which monitors sentiment in the cryptocurrency market, indicates a reading of 34, a slight decrease from the previous day’s figure of 35. Both readings suggest a prevailing sentiment of apprehension. Data indicates that liquidations have totalled $348 million over the last 24 hours. While long positions liquidated account for $182 million, short positions liquidated total only $166 million. The aggregate market capitalisation of cryptocurrencies has experienced a decline of half a percent over the past 24 hours, now standing at $2.21 trillion.
Approximately 15 of the leading 100 cryptocurrencies are experiencing overnight gains exceeding one percent, while roughly 45 are facing overnight losses of one percent or greater. The decline in overall crypto market capitalisation was paralleled by a modest increase of half a percent in trading volumes. Bitcoin, the largest cryptocurrency, is trading 0.86 percent lower at $64,121.98. The current price stands approximately 49 percent lower than the all-time high of $126,198.07, which was recorded on October 7, 2025. The original cryptocurrency’s year-to-date losses have risen to 26.7 percent. Bitcoin Spot ETF products in the U.S. experienced a decrease in net inflows, falling to $108 million on Wednesday from $181 million on Tuesday. iShares Bitcoin Trust ETF experienced net inflows amounting to $81 million. Bitcoin remains in the 14th position in the global ranking of all assets according to market capitalisation data. The leading cryptocurrency finds itself positioned between Tesla, which holds the 13th rank, and Samsung, occupying the 15th position.
Ethereum is trading 0.27 percent higher at $1,885.20. The leading alternate coin is currently trading at a level that is 62 percent lower than its all-time high of $4,953.73, which was reached on August 25, 2025. The 24-hour trading fluctuated between $1,944.16 and $1,875.32. Ethereum continues to contend with year-to-date losses exceeding 36 percent. Ethereum Spot ETF products in the U.S. experienced net inflows of $54 million on Wednesday, compared to $58 million on Tuesday. iShares Ethereum Trust ETF topped with net inflows of $45 million. Ethereum has fallen one position to the 85th rank in the global asset hierarchy based on market capitalisation, according to source. The fourth-ranked BNB experienced a decline of 0.24 percent overnight, bringing its price down to $576.63. BNB is currently positioned 58 percent beneath its all-time high of $1,370.55, which was reached on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, edged down 0.11 percent overnight and is currently trading at $1.10, around 71 percent below the all-time high of $3.84 touched on January 4, 2018. The price of 7th ranked Solana declined 1.6 percent overnight to $76.09. SOL’s current price stands approximately 74 percent lower than its peak of $294.33, which was reached on January 19, 2025.
TRON ranked 8th overall experienced a decline of 1.4 percent overnight and is currently trading at $0.3232. The trading price stands at 27 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. 9th ranked Hyperliquid dropped 3.5 percent overnight, to trade at $65.76, around 14 percent below the all-time high of $76.85 recorded on June 16. U.S.-listed Hyperliquid Spot ETF products recorded net inflows of $2 million on Wednesday. Memecoin Dogecoin ranked 10th overall experienced a decline of 0.83 percent overnight and is currently trading at $0.0731. DOGE is currently positioned 90 percent beneath its peak price of $0.7376, which was attained on May 8, 2021.