Bitcoin ETF Outflows Lower Crypto Market Sentiment
Geopolitical risks to energy supplies and AI-related capital expenditure concerns are shaping global market discussions. The backdrop unfolded against a backdrop of escalating U.S.-Iran tensions and a major tech sell-off on Wall Street Thursday. Brent Crude topped $100 on Thursday, while the Nasdaq Composite fell over 2 percent. Cryptocurrency market cap dipped over 1%, while Bitcoin ranged from $65,760 to $64,611 in the last 24 hours. This shift happened due to worries about the earnings impact from rising AI costs and inflation from soaring crude oil prices. Crude oil prices surged on Thursday, yet both main benchmarks are dipping on Friday. This change stems from rising crude oil inventories in the U.S. and renewed diplomatic efforts with Iran. Wall Street futures have bounced back and are now in the green.
Cryptocurrency prices reflected ongoing fears of a possible Federal Reserve rate hike. Markets see a 34% chance of a quarter-point rate hike by the Fed on 29 July, according to the CME FedWatch tool tracking interest rate expectations. Expectations for a rate hike are climbing, with markets seeing a 56% chance of a 0.25% increase and a 23% chance of a 0.50% increase at the September FOMC meeting. U.S. Bitcoin Spot ETF outflows shake market sentiment. On Thursday, Bitcoin Spot ETFs in the U.S. saw $225 million in net outflows, a stark contrast to the $69 million inflows on Wednesday and $203 million on Tuesday. iShares Bitcoin Trust ETF saw $203 million in net outflows. In the past 24 hours, cryptocurrency market cap dipped 1.2% to $2.21 trillion. Out of the top 100 cryptocurrencies, only 7 saw overnight gains over 1%, while more than 55 faced losses of 1% or more. Despite the drop in crypto market capitalisation, trading volumes surged by 6 percent. The drop in global bond yields and the U.S. Dollar’s retreat helped ease losses for digital assets.
Bitcoin, the top cryptocurrency, is down 0.93% at $65,010.06. Current price is about 48% below the all-time high of $126,198.07 reached on October 7, 2025. Original cryptocurrency sees 25.7% year-to-date losses. Bitcoin holds the 13th spot in the global asset rankings by market cap, as per companiesmarketcap.com. The top cryptocurrency ranks 13th, nestled between Meta Platforms at 12th and Tesla at 14th. Ethereum dips 2.3% to $1,880.89. The top altcoin is now trading 62% below its all-time high of $4,953.73, reached on August 25, 2025. Trading ranged from $1,927.70 to $1,860.66 in 24 hours. Ethereum faces nearly 37% year-to-date losses. Ethereum Spot ETF inflows in the U.S. dropped to $26 million on Thursday, down from $73 million on Wednesday. The Fidelity Ethereum Fund saw $15 million in net inflows. Ethereum holds the 85th spot in the global asset rankings by market cap.
BNB drops 0.79% overnight, now at $565.89. BNB sits 59% below its peak of $1,370.55, hit on October 13, 2025. XRP, ranked 6th, dropped 2.7% overnight and is now trading at $1.10, about 71% below its all-time high of $3.84 from January 4, 2018. Solana, ranked 7th, dropped 3.1% overnight to $75.29. SOL’s price is now about 74% below its peak of $294.33, hit on January 19, 2025. TRON rises 1.3% overnight, now at $0.3315, ranked 8th overall. The trading price is currently 25% below the cryptocurrency’s all-time high of $0.4407, reached on December 4, 2024. Hyperliquid, ranked 9th, dipped 1.7% overnight to $58.44, about 24% off its all-time high of $76.85 from June 16. Dogecoin, ranked 10th, dipped 3.9% overnight and is now trading at $0.0696. DOGE is now 91% below its peak of $0.7376 reached on May 8, 2021.
