Crypto Market Weakens Ahead of Fed Decision
Weak sentiment dominates the cryptocurrency market as apprehensions mount ahead of the Federal Reserve’s anticipated interest rate announcement set for Wednesday. The crypto market’s total value has seen a decline of nearly half a percent over the last 24 hours. The CME FedWatch tool, which monitors the expectations of interest rate traders, indicates absolute certainty that the Federal Reserve will maintain current rates. In a similar vein, the anticipation for rates to stay within the established range of 3.50-3.75 percent remains robust, holding steady at 95.2 percent as we approach the Fed’s decision set for June 17, 2026. The latest 24-hour liquidation data reveals a balanced scenario between long and short positions. Over the last 24 hours, the crypto market experienced a staggering $299 million in liquidations. This figure includes $136 million from long positions and $163 million from short positions, highlighting the forced liquidation of leveraged trades due to insufficient capital to cover potential losses. In the present atmosphere of muted market sentiment, the total cryptocurrency market capitalization has seen a decrease of 0.47 percent in the past 24 hours, currently standing at $2.59 trillion.
The 24-hour trading volume has surged by an impressive 37 percent, reaching a total of $132 billion. Approximately 16 out of the top 100 cryptocurrencies have experienced overnight gains exceeding one percent, while 33 are encountering overnight losses surpassing one percent. Bitcoin is presently trading up 0.08 percent at $78,117.82. The present price stands approximately 38 percent below the all-time high of 126,198.07, which was reached on October 7, 2025. The original cryptocurrency has seen a 3.5 percent increase over the past week, reducing its year-to-date losses to 10.7 percent. On Friday, Bitcoin Spot ETF products in the U.S. recorded net inflows of $14 million, a decrease from $223 million on Thursday and $336 million on Wednesday. The market leader has recorded net inflows totaling $23 million. Bitcoin remains firmly in the 12th position in the global asset ranking by market capitalization, according to reports.
Meta Platforms is currently ranked 11th, with Tesla following closely in the 13th spot. Ethereum saw a drop of 0.94 percent overnight, bringing its trading price to $2,324.55. The top alternative cryptocurrency currently sits at a valuation that is 53 percent lower than its all-time high of $4,953.73, reached on August 25, 2025. On Friday, Ethereum Spot ETF products in the U.S. saw net inflows of $23 million, a notable shift from the net outflows of $76 million recorded on Thursday. The iShares Staked Ethereum Trust has seen remarkable net inflows amounting to $32 million. In the most recent update, Ethereum holds the 62nd position in the global asset rankings by market capitalization, as reported. The top cryptocurrency currently commands a market share of 60.11 percent. Simultaneously, Ethereum’s portion of the crypto market has fallen to 10.76 percent. XRP, currently holding the 4th rank, saw a drop of 1.6 percent overnight, bringing its trading price to $1.40. This figure represents a decline of about 63 percent from its all-time high of $3.84, which was achieved on January 4, 2018. 5th ranked BNB saw a decrease of 0.83 percent overnight, lowering its price to $626.87. BNB is presently trading at an impressive 54 percent below its all-time high of $1,370.55, achieved on October 13, 2025. The seventh-ranked asset saw a drop of 0.99 percent overnight, with its price now at $85.52.
The asset is presently trading around 71 percent below its all-time high of $294.33, a peak that was achieved on January 19, 2025. The asset, currently in the 8th position overall, experienced a rise of 0.82 percent overnight and is now trading at $0.3262. The cryptocurrency is currently trading at a price that is 26 percent below its all-time high of $0.4407, which was recorded on December 4, 2024. Dogecoin, now positioned at the 9th rank, experienced a minor decline of 0.08 percent overnight, trading at a price of $0.0988. The asset is presently trading at an astonishing 87 percent below its peak price of $0.7376, achieved on May 8, 2021. Hyperliquid, currently sitting at the 10th rank, has experienced a notable increase of 3.8 percent in the past 24 hours. The current price of HYPE stands at $42.78, reflecting a decline of approximately 28 percent from its all-time high of $59.39, which was achieved on September 18, 2025.
