Sentiment in the cryptocurrency market remains cautious as participants await the speech by Fed Chair Kevin Warsh at the Jackson Hole economic symposium. The speech occurs against the backdrop of persistent PCE-based inflation and an increase in longer-term bond yields, which are linked to concerns regarding the fiscal situation and substantial public debt. The speech holds importance as the recent buyback announcement by the U.S. Treasury contributed to a reduction in longer tenor bond yields and elevated Bitcoin to a higher level. Observers of the cryptocurrency market will be particularly interested in whether the speech delivered by the Fed Chair will provide indications regarding yield curve control. Additionally, there is speculation about whether the Federal Reserve will collaborate with the Treasury or maintain a distance, emphasising the importance of the Fed’s independence. Bitcoin reached a peak of $81,347 in the last 24 hours. Overall cryptocurrency market capitalisation has experienced a slight decline from its previous stability.
The price movement in the cryptocurrency market occurs alongside the strength of the dollar, which persists despite a decline in both crude oil price benchmarks by more than 1 percent. Sovereign bond yields have increased across various regions. Similar to Bitcoin, gold is currently trading just below the flatline. The CMC Crypto Fear and Greed Index, which monitors sentiment in the cryptocurrency market, has decreased to 81, indicating Extreme Greed, down from the yearly peak of 82, also categorised as Extreme Greed, noted just a day prior. The index stood at 74, indicating Greed, one week prior, while it was at 35, reflecting Fear, a month ago. In the last 24 hours, the liquidation of short positions in the cryptocurrency market has slightly surpassed that of long positions. Liquidation of short positions totalled $137 million, whereas liquidation of long positions reached $129 million. The total liquidations over the past 24 hours amounted to $267 million. Overall crypto market capitalisation has decreased by 0.19 percent overnight, now standing at $2.67 trillion. The decline in total cryptocurrency market capitalisation was paralleled by an approximate 6-percent rise in trading volumes. At current prices, Bitcoin commands a dominance of 59.7 percent within the cryptocurrency market. Ethereum constitutes 11.3 percent of the market, whereas other cryptocurrencies, including stablecoins, represent 29 percent of the overall cryptocurrency market.
Bitcoin, the largest cryptocurrency, is currently trading 0.13 percent lower on an overnight basis at $79,090.00, approximately 37 percent below the all-time high of $126,198.07 recorded on October 7, 2025. The leading cryptocurrency has experienced a 2.7 percent increase over the past week. Year-to-date losses have decreased to 9.6 percent. Bitcoin Spot ETF products in the U.S. experienced an increase in net inflows, climbing to $242 million on Thursday, up from $232 million on Wednesday. iShares Bitcoin Trust ETF recorded net inflows amounting to $278 million. Bitcoin remains in the 12th position in the global ranking of all assets according to market capitalisation data published by companiesmarketcap.com. The leading cryptocurrency is situated between Saudi Aramco, ranked 11th, and Meta Platforms, ranked 13th. Ethereum is trading 0.35 percent higher at $2,497.37, approximately 50 percent below its all-time high of $4,953.73. The leading alternate coin has experienced a 4.5 percent increase over the past week. Ethereum Spot ETF products in the U.S. experienced net inflows increasing to $226 million on Thursday, up from $192 million on Wednesday and $180 million on Tuesday.
iShares Ethereum Trust ETF topped with net inflows of $130 million. Ethereum has fallen three positions to the 63rd rank in the global asset hierarchy based on market capitalisation, according to data. The fourth-ranked BNB experienced a decline of 0.20 percent overnight, leading to a price reduction to $704.45. 5th ranked XRP, a payments-focused cryptocurrency, slipped 0.41 percent overnight and is currently trading at $1.41. Weekly gains have exceeded 4 percent. The price of 7th ranked Solana increased 0.4 percent overnight to $104.86. On Thursday, Solana Spot ETF products listed in the U.S. experienced net inflows amounting to $56 million. TRON, positioned 8th overall, is presently trading 1.1 percent higher at $0.3411. 9th ranked Hyperliquid is trading 1.9 percent higher on an overnight basis, at $83.76. On Thursday, Hyperliquid Spot ETF products listed in the U.S. experienced inflows amounting to $24 million. 10th ranked Dogecoin is trading 1 percent lower on an overnight basis at $0.0867.
