Crypto Market Slips as Profit Booking Offsets ETF Inflows
The enthusiasm in the cryptocurrency markets that had accompanied the less-than-expected U.S. inflation statistics has waned, just as a new wave of profit booking is taking place. The overall crypto market capitalisation fell by about half a percent overnight as the selloff dampened the rise in cryptocurrency prices. However, Wednesday’s inflows into Bitcoin Spot ETF products listed in the United States helped to cushion losses, while the unexpected rate hike by the Bank of Korea and the persistence of geopolitical concerns in the Middle East dampened outlook. For the past day, Bitcoin’s price has ranged from $65,508 to $63,846, a wide variation. A reading of 34 is shown by the CMC Crypto Fear and Greed Index, which tracks mood in the cryptocurrency market; the previous day’s reading was 35. There seems to be a general feeling of unease in both readings. According to the numbers, the total amount of liquidations in the past 24 hours is $348 million. The overall amount of liquidated long holdings is $182 million, whereas the total amount of liquidated short positions is merely $166 million. In the last twenty-four hours, the total market value of all cryptocurrencies has dropped by half a percent, reaching $2.21 trillion.
Fifteen out of the top one hundred cryptocurrencies saw increases of more than one percent overnight, while forty-five saw losses of the same magnitude. While total crypto market value fell, trade volumes rose slightly, by 0.5 percent. The most valuable cryptocurrency, Bitcoin, is down 0.86 percent at $64,121.98. At its present level, it is around 49% behind the all-time high of $126,198.07, set on October 7, 2025. So far this year, the original cryptocurrency has lost 26.7% of its value. On Wednesday, net inflows into Bitcoin Spot ETF products in the US dropped to $108 million, down from $181 million the day before. Net inflows totalling $81 million were recorded by the iShares Bitcoin Trust ETF. Market capitalisation data shows that Bitcoin is still ranked fourteenth among all assets globally. In the current rankings, the top cryptocurrency is situated between Tesla (ranked thirteenth) and Samsung (ranked fifteenth).
At $1,885.20, Ethereum is 0.27% higher in price. When compared to its all-time high of $4,953.73 set on August 25, 2025, the current market level of the leading alternative coin is 62% lower. Over the course of a day, prices ranged from $1,944.16 to $1,875.32. Ethereum has lost more than 36% so far this year, and it is still fighting for survival. Net inflows into Ethereum Spot ETF products in the US were $54 million on Wednesday, down from $58 million the day before. With a net inflow of $45 million, the iShares Ethereum Trust ETF topped the list. According to the source, Ethereum’s market capitalisation has dropped one spot, putting it at 85th place among all assets worldwide. With a loss of 0.24% overnight, the price of the fourth-ranked BNB dropped to $576.63. The current price of BNB is $58% below its all-time high, which was $1,370.55 on October 13, 2025. The sixth-ranked cryptocurrency, XRP, which focuses on payments, fell 0.11% overnight and is now trading at $1.10, over 71% below its all-time high of $3.84 reached on January 4, 2018. Overnight, the price of Solana, which ranks seventh, fell 1.6% to $75.09. Compared to its all-time high of $294.33 on January 19, 2025, SOL is trading at a discount of almost 74% now.
TRON, which is presently trading at $0.3232, fell 1.4% overnight and is placed 8th overall. The cryptocurrency’s trading price is currently 27% lower than its all-time high, which was $0.4407 on December 4, 2024. The 9th ranked Hyperliquid saw a 3.5% overnight decline, trading at $65.76, which is around 14% lower than the all-time high of $76.85 set on June 16. Wednesday saw a net inflow of $2 million for Hyperliquid Spot ETF products listed in the US. At the time of writing, Memecoin Dogecoin was trading at $0.0731, down 0.83% from its previous price. DOGE is presently trading at a 90% discount to its all-time high, which was $0.7376, reached on May 8, 2021.
