Crypto Cap Rises 3% as Short Liquidations Reach $460 Million

Tue Jun 16 2026
Jim Andrews (851 articles)
Crypto Cap Rises 3% as Short Liquidations Reach $460 Million

The cryptocurrency markets experienced an uptick as the provisional peace accord between the U.S. and Iran alleviated global risk aversion, instigated a short squeeze, and enhanced overall market sentiment. However, decisions regarding monetary policy, along with other factors, from the Bank of Japan, Federal Reserve, and Bank of England have constrained significant progress. Bitcoin exhibited a fluctuation within the range of $66,298 to $63,634 over the last 24 hours. Overall, the cryptocurrency market capitalisation experienced a slight increase of nearly 3 percent during that period. The enhancement in market sentiment is evident in CoinMarketCap’s Fear and Greed Index, which serves as a barometer of the prevailing mood in the cryptocurrency market. The index has demonstrated an enhancement to 24 from 23 the day before and 15 a week earlier. Data indicates that a significant volume of short positions was liquidated in the preceding 24 hours. In the past 24 hours, the cumulative value of liquidated leveraged positions within the cryptocurrency market has reached $460 million. This occurs when an exchange or lending protocol liquidates a trader’s position due to insufficient funds to cover potential losses. While long positions amounted to 97 million dollars, short positions totalled 363 million dollars. The total value of the cryptocurrency market has increased by 2.8 percent over the past 24 hours, currently at $2.26 trillion.

Among the top 100 cryptocurrencies, approximately 80 are experiencing overnight gains exceeding one percent, whereas merely one cryptocurrency is facing overnight losses surpassing one percent. Bitcoin, the largest cryptocurrency, is currently valued at 66,182.84, reflecting a 2.6 percent increase. The current price stands approximately 48 percent lower than the all-time high of $126,198.07, which was attained on October 7, 2025. The original cryptocurrency has experienced a 5.4 percent increase over the past week; nevertheless, it continues to contend with year-to-date losses nearing 25 percent. On Friday, Bitcoin Spot ETF products in the U.S. experienced a net inflow of $86 million, a notable shift from the previous day’s net outflow of $23 million. ARK 21Shares Bitcoin ETF recorded net outflows amounting to $27 million. Market leader iShares Bitcoin Trust recorded net inflows amounting to $58 million. Bitcoin maintains its position as the 15th asset globally in terms of market capitalisation, according to reports.

Ethereum experienced a 5.4 percent increase overnight, currently valued at $1,763.49. The leading alternate coin is presently situated 64 percent below its peak of 4,953.73, reached on August 25, 2025. The 24-hour trading fluctuated between $1,766.11 and $1,654.21. Ethereum Spot ETF products in the U.S. experienced a reduction in net outflows, decreasing to $5 million on Friday from $16 million on Thursday. The fourth-ranked BNB experienced an increase of 1.3 percent overnight, resulting in a price of $619.90. BNB is presently positioned 55 percent beneath its zenith of $1,370.55, reached on October 13, 2025. Fifth-ranked XRP, a cryptocurrency centred on payments, experienced a 7.5 percent increase overnight and is presently valued at $1.22, approximately 68 percent lower than its all-time high of $3.84 achieved on January 4, 2018. The price of the 7th ranked cryptocurrency experienced a 6.5 percent increase overnight, reaching $72.53. SOL’s current price stands approximately 75 percent below its peak of $294.33, which was reached on January 19, 2025.

On Friday, there were no inflows for SOL Spot ETF products in the U.S. TRON ranked 8th overall, experiencing an increase of 0.75 percent overnight and currently trading at $0.3205. The trading price currently stands at 27 percent lower than the cryptocurrency’s all-time high of $0.4407, which was achieved on December 4, 2024. Hyperliquid, currently ranked 9th, experienced a notable increase of 10.6 percent overnight, bringing its trading price to $67.66. This positions it roughly 10 percent below its all-time high of $64.59, which was achieved on May 26, 2026. HYPE Spot ETF products in the U.S. experienced no inflows on Friday. Memecoin Dogecoin, now positioned at 10th overall, experienced a 3 percent overnight increase and is currently valued at $0.0896. DOGE is presently positioned 88 percent beneath its peak value of $0.7376, attained on May 8, 2021. 12th ranked Zcash experienced significant overnight gains, leading the top 100 cryptocurrencies with an impressive increase of over 26 percent. Audiera, ranked 52nd, is notable as the only cryptocurrency within the top 100 that has faced overnight losses surpassing one percent. BEAT has experienced a decline of 24.3 percent over the last 24 hours.

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