The U.S. released consumer price and producer price inflation figures that came in below expectations, leading to a more positive sentiment in the cryptocurrency markets. The return of inflows to Bitcoin Spot ETF products listed in the U.S. on Tuesday also boosted sentiment. Overall cryptocurrency market capitalisation has seen a rise of more than 2 percent in the past 24 hours. Bitcoin, the top cryptocurrency, has achieved a 24-hour peak of $65,508. Data for June released on Tuesday morning by the U.S. Bureau of Labour Statistics indicated that annual headline inflation decreased to 3.5 percent from 4.2 percent at the conclusion of the prior month. Markets had expected a drop to 3.8 percent only. The main element of this, not considering the fluctuating food and fuel aspects, which was expected to decrease to 2.8 percent from 2.9 percent in May, instead dropped to 2.6 percent. Markets that expected the monthly headline inflation to show -0.1 percent experienced a drop to -0.4 percent, down from 0.5 percent at the end of the previous month. The core component, which was expected to remain at 0.2 percent, showed no change in prices.
Data for June released on Wednesday morning by the U.S. Bureau of Labour Statistics indicated that producer price inflation registered at -0.3 percent, a decline from a revised 0.6 percent in the preceding month. Markets had expected that prices would remain stable. The reduction in price pressures has moderated anticipations for interest rate increases from the Federal Reserve. The CME FedWatch tool shows a 12.3 percent likelihood of a rate increase in the July FOMC, down from 16 percent the day before and 31 percent a week earlier. Markets reacted positively to the declining expectations of rate hikes, leading to a 2.1 percent rise in the overall cryptocurrency market capitalisation in the past 24 hours, now at $2.24 trillion. More than 40 of the top 100 cryptocurrencies have seen overnight gains of over one percent, while around 15 are dealing with overnight losses of one percent or more. The growth in overall crypto market capitalisation was accompanied by a 6-percent increase in trading volumes.
Diverging from the trend observed a day earlier, the liquidation of short positions has surpassed that of long positions, suggesting a potential short squeeze. Data shows that liquidations have reached a total of $336 million in the past 24 hours. While short positions liquidated account for 270 million dollars, long positions liquidated total only 67 million dollars. Bitcoin, the largest cryptocurrency, is currently valued at $65,293.21, reflecting a 2.4 percent increase. The current price is about 48 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 been limited to 25.4 percent. On Tuesday, Bitcoin Spot ETF products in the U.S. saw net inflows of $121 million, indicating a notable shift from the net outflows of $425 million recorded on Monday. iShares Bitcoin Trust ETF saw net inflows totalling $139 million. Bitcoin continues to hold the 14th spot in the global ranking of all assets based on market capitalisation data. The top cryptocurrency is situated between Tesla, ranked 13th, and Samsung, which holds the 15th spot.
Ethereum is experiencing a 3.5 percent increase, currently valued at $1,928.00. The leading alternate coin is currently trading at a level that is 61 percent lower than its all-time high of $4,953.73, which was reached on August 25, 2025. The 24-hour trading varied between $1,944.16 and $1,861.84. Ethereum continues to face significant year-to-date losses of over 35 percent. On Tuesday, Ethereum Spot ETF products in the U.S. saw net inflows of $58 million, marking a significant change from the net outflows of $15 million noted on Monday. The inflows were entirely attributed to the iShares Ethereum Trust ETF. With the impressive overnight rally, Ethereum has ascended to a notable position in the global ranking of all assets according to market capitalisation data. The prominent alternative cryptocurrency had been ranked 97th just a day earlier. The fourth-ranked asset experienced a modest increase of 0.31 percent overnight, bringing its price to $580.62. 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, gained 2.1 percent overnight and is currently trading at $1.12, around 71 percent below the all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency experienced a rally of 1.5 percent overnight, reaching $77.98. SOL’s current price is roughly 74 percent below its peak of $294.33, achieved on January 19, 2025. TRON, positioned 8th overall, experienced an overnight increase of 0.64 percent and is presently trading at $0.3271. The trading price is currently 26 percent lower than the cryptocurrency’s peak of $0.4407, reached on December 4, 2024. 9th ranked Hyperliquid surged 5.9 percent overnight, trading at $68.40, which is approximately 11 percent below the all-time high of $76.85 reached on June 16. Memecoin Dogecoin ranked 10th overall increased by 0.93 percent overnight and is currently trading at $0.0746. DOGE is currently situated 90 percent below its highest price of $0.7376, reached on May 8, 2021.