Risk aversion, prompted by the escalation in the Middle East and the subsequent rise in crude oil prices, has negatively impacted sentiment in the cryptocurrency market. Lingering anxiety surrounds Federal Reserve Chair Kevin Warsh’s two-day testimony before Congress commencing on Tuesday, alongside the impending release of U.S. inflation readings for June on the same day, which has further intensified the bearish sentiment in cryptocurrency markets. Overall crypto market capitalisation experienced a decline exceeding 2 percent over the last 24 hours, with Bitcoin reaching a low of $62,065 during this timeframe. The decline in cryptocurrency markets occurs against a backdrop of subdued sentiment in the Wall Street indexes. While sovereign bond yields have hardened across regions, crude oil prices are trading nearly 5 percent above the flatline. The Dollar Index has stabilised near the flatline, whereas gold prices have declined by over 2 percent. The sentiment in the cryptocurrency market, as indicated by the CMC Crypto Fear and Greed Index, declined from 31 (fear) yesterday to 28 (fear) today, reflecting the heightened geopolitical tensions in the Middle East. The index continues to stay beneath the 29 threshold (fear) observed a week prior.
Data indicates a liquidation cascade, with total liquidations reaching $313 million over the last 24 hours. While long positions account for 252 million dollars, short positions add up to only 60 million dollars. Aggregate crypto market capitalisation has decreased by 2.2 percent over the last 24 hours, now standing at $2.15 trillion. The decrease in total cryptocurrency market capitalisation coincided with a 14-percent increase in trading volumes. Only 10 of the top 100 cryptocurrencies are experiencing overnight gains exceeding one percent, while approximately 60 are facing overnight losses of one percent or more, indicating a widespread downturn. Bitcoin, the largest cryptocurrency, is trading 2.4 percent lower at $62,514.73. The current price stands approximately 50 percent lower than the all-time high of $126,198.07, which was recorded on October 7, 2025. The original cryptocurrency continues to experience a decline, with losses exceeding 28 percent year-to-date. Bitcoin Spot ETF products in the U.S. experienced net inflows amounting to $90 million on Friday, contrasting with net outflows of $95 million recorded on Thursday. iShares Bitcoin Trust ETF recorded net inflows amounting to $87 million. Bitcoin remains in the 14th position in the global ranking of all assets according to market capitalisation data published. The leading cryptocurrency is positioned between Tesla, which holds the 13th rank, and Samsung, occupying the 15th position.
Ethereum is trading 1.8 percent lower at $1,774.77. The leading alternate coin is currently priced 64 percent lower than its all-time high of $4,953.73, which was reached on August 25, 2025. The 24-hour trading fluctuated between $1,842.46 and $1,762.06. Ethereum continues to contend with year-to-date losses exceeding 40 percent. Ethereum Spot ETF products in the U.S. experienced net inflows of $18 million on Friday, contrasting with net outflows of $52 million on Thursday. iShares Ethereum Trust ETF topped with net inflows of $16 million. Ethereum has fallen to the 97th position in the global ranking of all assets based on market capitalisation published. 4th ranked BNB experienced a decline of 2 percent overnight, leading to a price reduction to $568.93. BNB is currently positioned 58 percent beneath its all-time peak of $1,370.55, which was reached on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, slipped 2.2 percent overnight and is currently trading at $1.07, around 72 percent below the all-time high of $3.84 touched on January 4, 2018.
The price of 7th ranked Solana experienced a decline of 1.6 percent overnight, settling at $75.88. SOL’s current price stands approximately 74 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. TRON ranked 8th overall, experienced a decline of 1.5 percent overnight and is currently trading at $0.3258. The trading price stands at 26 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. 9th ranked Hyperliquid plunged 4.4 percent overnight, to trade at $64.11, around 17 percent below the all-time high of $76.85 recorded on June 16. On Friday, U.S.-listed Hyperliquid Spot ETF products experienced net outflows amounting to $6 million. Memecoin Dogecoin ranked 10th overall lost 1.4 percent overnight and is currently trading at $0.0723. DOGE is currently positioned 90 percent beneath its peak price of $0.7376, which was achieved on May 8, 2021.