Crypto Market Cap Rises as Investors Examine Inflation
A core CPI reading from the U.S. that surpassed expectations played a role in the recovery of cryptocurrency markets. The announcement from the U.S. military about the completion of military strikes against Iran has also led to an increase in cryptocurrency prices. Anxiety surrounding the interest rate decision by the European Central Bank, which is widely anticipated to result in a quarter percentage hike, also influenced sentiment in the crypto market. The interest rate decisions pending from major central banks, along with the Space X IPO, have shaped sentiment in the cryptocurrency market. Bitcoin experienced a range of movement between $62,942 and $60,845 in the past 24 hours. Overall crypto market capitalisation has increased by roughly 2 percent during the same period. Concerns regarding a hawkish stance from the Federal Reserve lessened after the U.S. Bureau of Labour Statistics released data showing that annual headline inflation, monthly headline inflation, and annual core inflation met market expectations. The month-on-month core inflation, in contrast, decreased more than anticipated.
In May, the year-on-year headline inflation rate rose to 4.2 percent, an increase from 3.8 percent in April. On a month-on-month basis, headline inflation decreased to 0.5 percent from 0.6 percent in the previous month. The year-on-year core inflation level, excluding the volatile food and fuel components, increased to 2.9 percent from 2.8 percent in the previous month. On a month-on-month basis, core inflation has shown a decrease to 0.2 percent from 0.4 percent in April, surpassing expectations that anticipated a reduction to 0.3 percent. The inflation updates alleviated market sentiment, as cryptocurrencies, which generally do not bear interest, tend to react unfavourably to rises in general interest rates due to the heightened opportunity cost associated with holding them. The latest data on producer price inflation from the U.S. is set to be released on Thursday. With broader inflation readings aligning and the core reading rising less than expected, the significantly oversold condition in the cryptocurrency market has shifted. Following a decline to 14 the previous day, CoinMarketCap’s Fear and Greed Index, which gauges the current sentiment within the cryptocurrency market, has risen to 16; however, it still falls within the “extreme fear” category. The index was at 20, indicating a state of “fear,” a week ago, and at 52, reflecting a “neutral” stance, a month ago.
The total market capitalisation of cryptocurrencies has seen a 2 percent rise in the last 24 hours, now standing at $2.16 trillion. Among the top 100 cryptocurrencies, around 45 are showing overnight gains of more than one percent, whereas nearly 15 are encountering overnight losses exceeding one percent. Bitcoin, the largest cryptocurrency, is currently valued at $62,797.98, reflecting an increase of 2.7 percent. The current price is roughly 50 percent below the all-time high of $126,198.07, which was noted on October 7, 2025. The original cryptocurrency has seen a decrease of 0.2 percent in the last week and has fallen by over 28 percent year-to-date. Bitcoin Spot ETF products in the U.S. saw a significant rise in net outflows, reaching $214 million on Wednesday, an increase from $77 million on Tuesday. iShares Bitcoin Trust ETF experienced net outflows amounting to $149 million. Bitcoin continues to hold the 14th position in the global asset ranking based on market capitalisation data, positioned between Samsung at 13th and Berkshire Hathaway at 15th. Ethereum experienced a rally of 2.3 percent overnight, currently trading at $1,656.14. The leading alternate coin is currently positioned 67 percent below its all-time high of $4,953.73, which was achieved on August 25, 2025. The 24-hour trading experienced fluctuations ranging from $1,665.76 to $1,603.83.
Ethereum Spot ETF products in the U.S. saw net outflows of $36 million on Wednesday, a decrease from the $41 million outflows recorded on Tuesday. iShares Ethereum Trust experienced net outflows amounting to $21 million. The fourth-ranked BNB saw a 2.7 percent rise overnight, elevating its price to $599.39. BNB is presently situated 56 percent below its peak of $1,370.55, attained on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, gained 0.72 percent overnight and is currently trading at $1.11, approximately 71 percent below the all-time high of $3.84 reached on January 4, 2018. On Wednesday, U.S.-listed XRP Spot ETF products saw net inflows of $1.2 million, down from the $7.44 million noted the day before. The price of 7th ranked Solana increased by 2.9 percent overnight to $65.30. SOL’s current price is roughly 78 percent below its peak of $294.33, achieved on January 19, 2025. TRON is currently positioned at 8th overall, having faced a slight decrease of 0.2 percent overnight, with its current trading value at $0.3221. The trading price is currently 27 percent lower than the cryptocurrency’s all-time high of $0.4407, achieved on December 4, 2024.
Memecoin Dogecoin, positioned 9th overall, experienced an increase of 1.84 percent overnight and is presently trading at $0.0850. DOGE is presently situated 88 percent below its all-time high of $0.7376, reached on May 8, 2021. 10th ranked Hyperliquid experienced an overnight increase of 0.33 percent. HYPE is currently priced at $56.03, reflecting a decrease of around 26 percent from its peak of $64.59 achieved on May 26, 2026. On Wednesday, HYPE Spot ETF products listed in the U.S. saw net inflows of $2.8 million, a notable change from the absence of flows observed the day before. 34th ranked Audiera led the overnight gains among the top 100 cryptocurrencies, experiencing a remarkable surge of over 56 percent. The BEAT token of the Audiera blockchain, which operates within an AI-focused ecosystem where humans and autonomous AI agents are regarded as equal participants, has surged over 500 percent in the past week. 87th ranked Siren rebounded from overnight losses among the top 100 cryptocurrencies, experiencing a decline of nearly 23 percent.
