The cryptocurrency market capitalisation experienced a slight decline over the past 24 hours, as market participants responded to the consumer price inflation data for July from the U.S., which aligned with market expectations. Positive inflows to U.S.-listed Bitcoin Spot ETF products mitigated losses. Overall crypto market capitalisation has contracted by more than a quarter percent in the past 24 hours, while Bitcoin has experienced a decline of 0.6 percent during the same timeframe. The leading cryptocurrency is currently trading near 63,693. Data released by the U.S. Bureau of Labour Statistics on Wednesday morning indicated that headline annual inflation decreased to 3.4 percent from 3.5 percent in June. The core component thereof also declined to 2.5 percent from 2.6 percent in the prior month. On a month-on-month basis, headline inflation registered at 0.1 percent in July compared to -0.4 percent in June. The core component thereof increased to 0.2 percent in July from a flat reading in June. Producer price inflation data scheduled for release on Thursday morning is anticipated to show an increase to 0.2 percent, up from -0.3 percent recorded in June. Nevertheless, expectations for a rate hike from the Federal Reserve have diminished as markets have processed the CPI readings.
The probability of an interest rate increase in the upcoming Federal Reserve review in September has decreased to 36 percent, down from 48 percent the previous day. Similarly, the likelihood of an interest rate increase in October has decreased to 52 percent, down from 62 percent the previous day. Markets had previously assigned a probability of 79 percent for a Fed rate hike in December. With no adverse developments regarding inflation, markets have adjusted their expectations to 71 percent. In light of the prevailing geopolitical uncertainties in the Middle East and concerns regarding an extended conflict, both crude oil price benchmarks are experiencing declines of nearly half a percent. Bond yields have eased, and the greenback has retreated, leading to a decline of approximately 0.12 percent in the six-currency Dollar Index. The S&P 500 and Nasdaq Composite are exhibiting gains, whereas the Dow Jones remains cautious, trading just below the neutral line. Liquidation of long positions persists in exceeding the liquidation of short positions. The 24-hour liquidation statistics from Coinglass indicate that crypto liquidations total $210 million, which includes long positions amounting to $128 million and short positions totalling $82 million. Overall crypto market capitalisation has experienced a decline of 0.28 percent overnight, settling at $2.19 trillion. During this timeframe, market leader Bitcoin fluctuated between $64,381 and $63,185.
The decline in total cryptocurrency market capitalisation coincided with a 6-percent increase in trading volumes. Bitcoin, the largest cryptocurrency, is trading 0.64 percent lower at $63,692.95. 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’s year-to-date losses have increased to 27.2 percent. On Tuesday, Bitcoin Spot ETF products in the U.S. experienced net inflows amounting to $8 million, contrasting with the net outflows of $145 million recorded on Monday. iShares Bitcoin Trust ETF recorded net inflows amounting to $50 million. Bitcoin remains in the 14th position in the global ranking of all assets according to market capitalisation data from companiesmarketcap.com. The leading cryptocurrency finds itself situated between Tesla, which holds the 13th rank, and Samsung, positioned at 15th. Ethereum is trading 0.37 percent higher at $1,893.25. The leading alternate coin is currently priced at 62 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The 24-hour trading fluctuated between $1,921.78 and $1,852.84. Ethereum’s year-to-date losses have diminished to 36.2 percent. Ethereum Spot ETF products in the U.S. experienced net outflows that decreased to $2 million on Tuesday, down from $15 million on Monday. Ethereum has ascended to the 91st position in the global ranking of all assets by market capitalisation, according to companiesmarketcap.com.
The 4th ranked BNB experienced a rally of 0.35 percent overnight, leading to an increase in price to $612.68. BNB is currently positioned 55 percent beneath its all-time high of $1,370.55, which was reached on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, added 0.34 percent overnight and is currently trading at $1.01, around 74 percent below the all-time high of $3.84 touched on January 4, 2018. The price of 7th ranked Solana decreased by 0.06 percent overnight, settling at $75.90. SOL’s current price stands approximately 74 percent lower than its peak of $294.33, which was reached on January 19, 2025. TRON is currently positioned 8th overall, trading at $0.3358, reflecting a modest increase of 0.07 percent. The trading price stands at 24 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. 9th ranked Hyperliquid rallied 2.2 percent overnight, to trade at $55.64, around 28 percent below the all-time high of $76.85 recorded on June 16. Memecoin Dogecoin ranked 10th overall dropped 0.96 percent overnight and is currently trading at $0.0705. DOGE is currently positioned 90 percent beneath its peak price of $0.7376, which was reached on May 8, 2021.
