Recent reports suggesting that the U.S. and Iran were nearing an agreement to resolve the Middle East conflict did not manage to bolster sentiment in cryptocurrency markets early on Tuesday. The decline in crude oil prices, the easing in bond yields, and the greenback’s retreat did not suffice to lift cryptocurrencies into an overnight positive territory. Significant outflows from Bitcoin Spot ETF products on Monday contributed to the downturn in cryptocurrency prices observed on Tuesday morning. Overall crypto market capitalisation has contracted by over half a percent in the last 24 hours, with Bitcoin experiencing a decline of 0.7 percent during the same timeframe. The leading cryptocurrency is currently trading near 64,165. Sentiment continues to be subdued as markets have processed the Bitcoin sales executed by Strategy Inc over the previous week. Both crude oil price benchmarks are currently trading in negative territory, reflecting the ongoing diplomatic efforts aimed at de-escalating tensions in the Middle East. Brent Oil has declined by 0.73 percent, whereas WTI Crude Oil has decreased by 0.58 percent. Sovereign bond yields declined across various regions as the decrease in crude oil prices alleviated worries regarding inflation driven by fuel costs.
The six-currency Dollar Index, which measures the U.S. Dollar’s strength against a basket of six currencies, is currently trading on a flat note. The Dow Jones and S&P 500 are exhibiting modest gains, while the Nasdaq Composite has shown a slight increase from its previous level. Anxiety ahead of Wednesday’s key inflation report has also dampened sentiment in the crypto market. Headline annual inflation is projected to increase to 3.5 percent, up from 3.4 percent in June. The core component thereof is observed to rise to 2.6 percent from 2.5 percent in the preceding month. Headline inflation is projected to decrease by 0.4 percent on a month-on-month basis in July. The core component is anticipated to demonstrate stable prices. Liquidation of long positions has exceeded that of short positions. The 24-hour liquidation statistics indicate that crypto liquidations, which refer to the forced closure of a trader’s leveraged position by an exchange or lending protocol due to insufficient funds (margin or collateral) to cover potential losses, reached $194 million in the past 24 hours. This total includes long positions amounting to $134 million and short positions totalling $59 million. In the wake of significant long liquidations, the total market capitalisation of cryptocurrencies has experienced a decline of 0.57 percent overnight, settling at $2.19 trillion. During this timeframe, Bitcoin, the market leader, fluctuated between $64,830 and $63,752. The decline in total cryptocurrency market capitalisation coincided with a 16-percent increase in trading volumes.
Bitcoin, the largest cryptocurrency, is trading 0.73 percent lower at $64,165.21. The current price is approximately 49 percent lower than the all-time high of $126,198.07, which was recorded on October 7, 2025. The original cryptocurrency has experienced year-to-date losses of 26.7 percent. On Monday, Bitcoin Spot ETF products in the U.S. experienced net outflows amounting to $145 million, contrasting with net inflows of $102 million recorded on Friday. iShares Bitcoin Trust ETF experienced net outflows amounting to $54 million. Bitcoin remains in the 14th position in the global ranking of all assets according to market capitalisation data published by companiesmarketcap.com. The leading cryptocurrency finds itself situated between Tesla, ranked 13th, and Berkshire Hathaway, ranked 15th. Ethereum is trading 0.54 percent lower at $1,887.84. The leading alternate coin is currently trading at a level that is 62 percent below its all-time high of $4,953.73, which was recorded on August 25, 2025. The 24-hour trading fluctuated between $1,900.53 and $1,866.79. Ethereum’s year-to-date losses have increased to 36.4 percent. Ethereum Spot ETF products in the U.S. experienced net outflows amounting to $15 million on Monday, contrasting with net inflows of $50 million recorded on Friday. iShares Ethereum Trust ETF topped with net outflows of $24 million. Ethereum has fallen four places to the 92nd position in the global ranking of all assets based on market capitalisation, as reported. The 4th ranked BNB experienced a rally of 1.7 percent overnight, leading to a price increase to $610.35.
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, slipped 1.9 percent overnight and is currently trading at $1.00, around 74 percent below the all-time high of $3.84 touched on January 4, 2018. The price of 7th ranked Solana experienced a decline of 0.74 percent overnight, settling at $75.93. SOL’s current price stands approximately 74 percent lower than its peak of $294.33, which was achieved on January 19, 2025. Solana Spot ETF products listed in the U.S. experienced inflows nearing $9 million on Monday. TRON is currently positioned 8th overall, trading at a 1.5 percent increase, with a price of $0.3358. The trading price stands at 24 percent beneath the cryptocurrency’s peak value of $0.4407, which was achieved on December 4, 2024. 9th ranked Hyperliquid slipped 0.68 percent overnight, to trade at $54.31, around 29 percent below the all-time high of $76.85 recorded on June 16. Hyperliquid Spot ETF products listed in the U.S. experienced inflows nearing $3 million on Monday. Memecoin Dogecoin ranked 10th overall rallied 1.7 percent overnight and is currently trading at $0.0711. DOGE is currently positioned 90 percent beneath its peak price of $0.7376, which was reached on May 8, 2021.
