Anticipation surrounding the U.S. listing of South Korean memory chip leader SK Hynix, along with a pause in the renewed U.S.-Iran conflict, has positively influenced sentiment in the cryptocurrency market. Overall crypto market capitalisation saw a rise of more than 2 percent in the past 24 hours, with Bitcoin hitting a high of $64,556 during this period. The rise in cryptocurrency markets takes place alongside favourable sentiment in the Wall Street indexes. Although yields on sovereign bonds have mostly fallen, crude oil prices are moving erratically around the equilibrium level. The Dollar Index is holding steady around the neutral point, while gold prices have seen a drop. The sentiment in the cryptocurrency market, as indicated by the CMC Crypto Fear and Greed Index, increased from 28 (fear) yesterday to 31 (fear) today, reflecting a response to the recent easing of geopolitical tensions in the Middle East. The index remains above the level of 25, reflecting a lingering sense of fear within the market from a week ago. Liquidation statistics from Coinglass indicate a significant market event unfolding. In the last day, the overall liquidations amounted to $214 million, with long positions making up $49 million and short positions reaching $165 million.
The total value of the cryptocurrency market has risen by 2.1 percent in the past 24 hours, now standing at $2.2 trillion. The rise in overall cryptocurrency market capitalisation was paired with a 4-percent drop in trading volumes. Overnight, more than half of the leading cryptocurrencies are seeing gains of over one percent, while only about five are encountering losses of one percent or more. Bitcoin, the largest cryptocurrency, is currently valued at $64,448.08, reflecting a 2.5 percent increase. The current price is about 49 percent lower than the peak of $126,198.07, which was achieved on October 7, 2025. The original cryptocurrency continues to face a downturn, with losses surpassing 26 percent on a year-to-date basis. Bitcoin Spot ETF products in the U.S. saw net outflows rise to $95 million on Thursday, an increase from $85 million on Wednesday. The Fidelity Wise Origin Bitcoin Fund faced net outflows totalling $63 million, whereas the ARK 21Shares Bitcoin ETF saw net outflows of $40 million. Bitcoin continues to hold the 14th spot in the global ranking of all assets based on market capitalisation data released. The top cryptocurrency is situated between Tesla, ranked 13th, and Samsung, which is in the 15th spot.
Ethereum is currently up 3.4 percent, priced at $1,803.16. The leading alternate coin is currently trading at a level that is 64 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The trading over the past 24 hours varied from $1,805.34 to $1,730.89. Ethereum is still facing year-to-date losses that surpass 39 percent. On Thursday, Ethereum Spot ETF products in the U.S. saw net outflows of $52 million, a stark contrast to the net inflows of $71 million that were noted on Wednesday. The Fidelity Ethereum Fund saw a decrease in assets with net outflows totalling $34 million. Ethereum continues to hold the 95th position in the global ranking of all assets according to market capitalisation published. Bitcoin’s share in the cryptocurrency market has increased to 58.63 percent, up from 58.23 percent the day before. The market share of Ethereum, the leading alternative coin, has increased to 9.87 percent from 9.74 percent of the overall cryptocurrency market a day earlier. The leading stablecoin experienced a decline in market share, falling to 8.37 percent from 8.54 percent the previous day.
The 4th ranked asset experienced an overnight increase of 0.85 percent, bringing its price to $574.27. BNB is currently situated 58 percent below its peak of $1,370.55, achieved on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, rallied 0.99 percent overnight and is currently trading at $1.10, around 71 percent below the all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency increased by 1.25 percent overnight, reaching $78.93. SOL’s current price stands at about 73 percent below its peak of $294.33, achieved on January 19, 2025. TRON ranked 8th overall, experienced a decline of 0.21 percent overnight and is currently trading at 0.3306. The trading price is currently 25 percent lower than the cryptocurrency’s peak of $0.4407, reached on December 4, 2024. 9th ranked Hyperliquid experienced a rise of 1.35 percent overnight, trading at $68.76, which is approximately 11 percent lower than its all-time high of $76.85 reached on June 16. Memecoin Dogecoin, holding the 10th position overall, experienced a 2.4 percent increase overnight and is now trading at $0.0741. DOGE is currently situated 90 percent below its highest price of $0.7376, reached on May 8, 2021.