Bitcoin Rises as ETF Inflows Offset FOMC Caution

Wed Jul 08 2026
Jim Andrews (882 articles)
Bitcoin Rises as ETF Inflows Offset FOMC Caution

In response to Monday’s U.S. Bitcoin Spot ETF inflows, cryptocurrency values have risen significantly in the previous 24 hours. Fear of the FOMC minutes on Wednesday hampered advances. Bitcoin ranged from 64,597.57 to 61,275.83 in 24 hours. U.S. Bitcoin Spot ETF net inflows rose to $266 million on Monday from $224 million on Thursday. With $209 million inflows, iShares Bitcoin Trust led. The cryptocurrency market’s relatively hopeful price changes coincide with sovereign bond yields tightening, the Dollar Index strengthening, crude oil prices rising, gold prices falling, and global equities market mood decreasing. From 29 yesterday to 28 today, the CMC Crypto Fear and Greed Index measures cryptocurrency market mood. It indicates fear, according to the index. The indicator was 16 a week earlier, showing market concern.

Over the preceding 24 hours, liquidation totalled $530 million, with long bets being $233 million and short positions $297 million. Over the last 24 hours, cryptocurrency market capitalisation rose 0.43 percent to $2.18 trillion due to liquidation tendencies. Crypto market capitalisation fell as trading volumes rose 59%. About 20% of the top 100 cryptocurrencies gained over 1% overnight, while 25% lost over 1%. Bitcoin, the biggest cryptocurrency, rose 0.47 percent to $63,117.93. This price is 50% below the all-time high of $126,198.07 on October 7, 2025. The original coin has more than 27% year-to-date losses. Bitcoin stays 15th in the worldwide market capitalisation list of all assets. The leading cryptocurrency is between Samsung (14th) and Micron Technology (16th).

Ethereum traded steady at $1,771.56. The leading altcoin is 64% behind its August 25, 2025 high of $4,953.73. 24 hour trading ranged from $1,829.51 to $1,728.97. Ethereum has lost over 40% this year. U.S. Ethereum Spot ETF net inflows fell to $21 million on Monday from $29 million on Thursday. With $23 million inflows, iShares Ethereum Trust ETF topped. According to source, Ethereum rose three spots to 95th in the worldwide market capitalisation hierarchy. Bitcoin now controls 58.1 percent of the cryptocurrency market, up from 57.7 percent yesterday. Ethereum, the top alternative coin, maintains 9.81% of the cryptocurrency market. Tether’s market share fell to 8.43 percent from 8.52 percent the day before. BNB, rated 4th, fell 0.33 percent overnight to $577.79. BNB has fallen 58% from its October 13, 2025 peak of $1,370.55. 6th ranked XRP, a payments-focused cryptocurrency, fell 1.7 percent overnight to $1.12, 71 percent below its all-time high of $3.84 on January 4, 2018.

7th-ranked Solana rose 0.32 percent overnight to $80.87. SOL’s price is 73% lower than its January 19, 2025 high of $294.33. U.S. Solana Spot ETF net inflows rose to $8 million on Monday from $2 million on Thursday. The 8th-ranked TRON rallied 1.1 percent overnight to $0.3303. This cryptocurrency’s trading price is 25% below its all-time high of $0.4407 on December 4, 2024. 9th ranked Hyperliquid rose 1.3 percent overnight to $71.34, 7 percent below its June 16 all-time high of $76.85. U.S. hyperliquid Spot ETF net inflows rose to $8 million on Monday from $2 million on Thursday. The 10th-ranked memecoin Dogecoin fell 3.3 percent overnight to $0.0745. DOGE trades 90% below its May 8, 2021 peak of $0.7376. The 35th-ranked MemeCore gained nearly 19% overnight, the most among the top 100 cryptocurrencies. Jito, 90th, gained approximately 8.5 percent overnight. A 9.5 percent drop in 92nd-ranked Bonk led overnight losses among the top 100 cryptocurrencies. 47th-ranked Worldcoin lost 7.3 percent overnight.

Jim Andrews

Jim Andrews

Jim Andrews is Desk Correspondent for Global Stock, Currencies, Commodities & Bonds Market . He has been reporting about Global Markets for last 5+ years. He is based in New York