Bitcoin Maintains as US Inflation Data Encourages Rate Cuts
Although global markets reacted well to the lower U.S. producer price inflation numbers and the decline in global crude oil prices, cryptocurrencies still trade inside a restricted range on Thursday. Nasdaq, which is heavily weighted in technology and has surged nearly a percent, seemed to have different feeling than the cryptocurrency market. In spite of falling crude oil prices, falling government bond yields, and a weakening dollar relative to a basket of six currencies, cryptocurrency prices did not immediately begin to rise. Over the past day, the overall value of all cryptocurrencies has fallen by almost 25%, staying close below the flatline, but Bitcoin’s price has gone up little compared to yesterday. Near $63,768 right now, you can buy the main cryptocurrency. According to July’s data issued by the U.S. Bureau of Labour Statistics, producer price inflation stayed steady, surpassing market expectations of 0.2% and June’s fall of 0.1%. A decrease from 0.4% the previous month and lower than the market prediction of 0.3%, the core component thereof registered at 0.2%.
The relatively muted producer price inflation report has caused market participants to reevaluate their expectations for future rate hikes by the Federal Reserve, which has had a beneficial impact on cryptocurrency market sentiment. It was 59% the day before, and now 66% expect the Fed to take a break in September. Another change is that the probability of things staying the same in October is 51%, up from 45% the day before. When asked about a Fed rate hold in December, the markets had previously put the likelihood at just 25%. Expectations of a pause have been raised to 31% by the markets as neither the consumer nor producer price inflation figures showed any negative surprises. Still, more money is being pulled out of long positions than short ones. Crypto liquidations totalled $146 million; long positions amounted to $81 million, while short positions totalled $65 million, according to the 24-hour statistics. A total of $2.18 trillion was the overnight settlement for the crypto market capitalisation, a decrease of 0.17%. While everything was going on, the price of Bitcoin, the leading cryptocurrency, varied between $63,926 and $63,251. Crypto market capitalisation as a whole fell, and trading volumes fell by 18% as well. An increase of 0.01% brings the price of the most valuable cryptocurrency, Bitcoin, to $63,768.48. Priced at $126,198.07 on October 7, 2025, the all-time high is around 49% below the current level.
Losses for the initial cryptocurrency so far this year amount to 27.1%. Although $8 million had been deposited into Bitcoin Spot ETF products in the US on Tuesday, $61 million had been withdrawn on Wednesday. There was a net loss of $47 million for the Fidelity Wise Origin Bitcoin Fund. Among all assets ranked by market capitalisation, Bitcoin maintains its position at number fourteen. At number thirteen, the leading cryptocurrency is sandwiched between Samsung at number fifteen and Tesla at number thirteen. The price of one Ethereum token has dropped 0.32 percent to $1,890.79. Trading at a level 62% below its all-time high of $4,953.73 on August 25, 2025, the leading alternative coin is presently running at a price point. The range of prices for one day of trade was $1,898.23 to $1,871.71. There has been an increase in Ethereum’s year-to-date losses to 36.3%. Unlike Tuesday, when net outflows totalling $2 million were observed, $7 million worth of assets were brought into Ethereum Spot ETF products in the US on Wednesday. No capital was received other than the iShares Ethereum Trust ETF. When looking at the worldwide ranking of all assets based on market capitalisation, Ethereum is still in position 91.
BNB, the cryptocurrency ranked #4, saw a price drop of 0.42% overnight, reaching $610.27. When this sentence was last updated, BNB was trading at $1,370.55, 55% below its all-time high set on October 13, 2025. XRP, the sixth-ranked cryptocurrency, has been a payments-focused asset, and it fell 0.73% overnight to trade at $1.00, or around 74% below its all-time high of $3.84 met on January 4, 2018. With an overnight gain of 0.46%, the price of Solana, which ranks 7th, reached $76.29. Presently, the price of SOL is at 74.3 percent below its all-time high of 294.33 dollars, which was achieved on January 19, 2025. Trading at $0.3343, TRON is currently 0.45% down and ranked 8th overall. On December 4, 2024, the cryptocurrency reached an all-time high of $0.4407. The current trading price is 24% below that figure. With a 3.9% increase overnight, 9th-ranked Hyperliquid is now trading at $57.81, down about 25% from its June 16th all-time high of $76.85. At the time of writing, Memecoin Dogecoin was trading at $0.0701, down 0.47% from its overnight high. On May 8, 2021, DOGE reached a high of $0.7376, and it is now trading at 90% below that mark.
