Bitcoin Climbs While Crypto Market Cap Tops $2.2 Trillion
The market for cryptocurrencies has been climbing steadily overnight, despite the fact that three FOMC members voted to increase the federal funds rate. Concerns about inflation took a back seat to tech sector excitement in the crypto market due to a number of factors, including a weaker-than-expected core PCE data, an unexpected drop in second quarter GDP growth, and a drop in global crude oil prices overnight. In keeping with market expectations, the Federal Reserve maintained the target range for the federal funds rate at 3.5 to 3.75 percent on Wednesday. Three FOMC members voted in favour of a raise, though, so worries about a rate hike are now even more widespread. On the other hand, the core PCE price index rose 0.1% in June, according to data issued on Thursday morning by the US Bureau of Economic Analysis. The market had been expecting a 0.2% rise in core inflation, the preferred inflation gauge of the Federal Reserve, for the American economy. Reducing expectations for a rate hike in September, the softer-than-expected inflation reading helped to calm global markets.
There is a 41% chance that the Federal Reserve will take a break in September, according to the CME FedWatch program, which tracks the expectations of interest rate traders. It had been 18% a week earlier. Crypto markets are trading strongly in the green, while the tech-heavy Nasdaq Composite gains roughly 2.7%. The total value of the cryptocurrency market increased by 0.64 percent overnight, reaching $2.21 trillion, with Bitcoin’s price, which is currently the market leader, fluctuating between $65,071 and $63,206. Trading volumes for cryptocurrencies increased by 13% in tandem with the growth in overall market capitalisation. The most valuable cryptocurrency, Bitcoin, is up 0.9% at $64,744.29. Priced at $126,198.07 on October 7, 2025, the all-time high is around 49% below the current level. The original cryptocurrency’s losses for the year are now at 26%. The net inflow for Bitcoin Spot ETF products in the US was $32 million on Wednesday, compared to $50 million on Tuesday. Ninety million dollars were brought in by the iShares Bitcoin Trust ETF. According to reports, Bitcoin is still ranked thirteenth among all assets globally in terms of market capitalisation.
Between SpaceX (at number twelve) and Tesla (at number fourteen), the top cryptocurrency stands. With a price of $1,920.53, Ethereum is up 1.2% from its previous trade. The leading alternative coin hit an all-time high of $4,953.73 on August 25, 2025, and is now trading at a level that is 61% below that. Over the course of a day, prices ranged from $1,873.62 to $1,933.76. The losses for Ethereum so far this year have dropped to 35.3%. In contrast to Tuesday’s net inflow of $9 million, U.S.-based Ethereum Spot ETF products had net withdrawals of $33 million on Wednesday. It has been revealed that Ethereum has climbed to the 85th spot in the world list of all assets by market capitalisation. Overnight, the fourth-ranked BNB saw a price increase to $587.49, thanks to a 3.5 percent rally. 57 percent below its all-time high of $1,370.55, hit on October 13, 2025, is where BNB is presently positioned. 6. XRP, a cryptocurrency focused on payments, gained 1.4% overnight and is now trading at $1.08, almost 72% behind its all-time high of $3.84 reached on January 4, 2018.
Overnight, the price of Solana, which ranks seventh, rose 1.8% to $74.53. The all-time high price of SOL was $294.33 on January 19, 2025, and the current price is over 75% below that high. At its current price of $0.3280, TRON—ranked eighth overall—had a rise of 0.55% overnight. At its current trading price, the cryptocurrency is 26% lower than its all-time high, which was $0.4407 on December 4, 2024. The 9th ranked Hyperliquid fell 2.2% overnight, trading at $53.77, a loss of over 30% from its June 16th all-time high of $76.85. Net outflows totalling $9 million were recorded for U.S.-listed Hyperliquid Spot ETF products on Wednesday. Memecoin Dogecoin, which ranked tenth overall, is now trading at $0.0703, up 0.15% from the previous day. The all-time high price of DOGE was $0.7376, attained on May 8, 2021, and is now worth 90% less.
