The wider markets of cryptocurrencies have experienced decreases in the last 24 hours, total market capitalization decreasing by 2.01% to 3.17 billions of dollars.
| Cryptocurrency | Gains +/- | Price (recorded at 8:15 p.m. HE) |
| Bitcoin BTC / USD | -1.23% | $ 97,104.13 |
| Ethereum ETH / USD | -1.90% | $$ 2,798.85 |
| Mastiff DOGE / USD | -2.21% | $$ 0.259 |
What happened: Bitcoin briefly dropped below $ 97,000, reaching a minimum of $ 96,174.83, while other major altcoins also faced a downward pressure. The withdrawal follows the recent remarks of the vice-president of the Federal Reserve Philipon Jeffersonwhich has urged caution concerning decrease in interest rates in the current economic environment.
Jefferson said on Tuesday that the central bank should be careful when adjusting interest rates in a case of economic uncertainty. His comments aligned on the recent decision of the Federal Open Market Committee to maintain the rate of federal funds from 4.25% to 4.5%, according to a CNBC report. The Fed previously reduced the rates of a total percentage point on three meetings after aggressive increases to combat inflation.
The best winners (24 hours)
| Cryptocurrency | Gains +/- | Price (recorded at 8:15 p.m. HE) |
| Official trump (ASSET) | + 6.82% | $ 18.77 |
| FTX token (Ftt) | + 5.24% | $ 2.04 |
| Monero (Xmr) | + 4.18% | $ 229.48 |
The traditional markets have painted a mixed image in the middle of the withdrawal of cryptography. The industrial average of Dow Jones increased by 317.24 points, or 0.71%, to end at 44,873.28, while the S&P 500 gained 0.39% to reach 6,061.48. The heavy nasdaq composite in technology increased 0.19% to 19,692.33. Meanwhile, Dow Futures experienced a modest movement, increasing 55.00 points in trading after working hours.
The feeling of the market remains mixed, with the index for fear of crypto and greed at 49, signaling a neutral position.
In the past 24 hours, 88,973 traders have been liquidated, total liquidations amounting to $ 185.46 million, according to Coinglass.
While Bitcoin fought, Ethereum saw Increased interest following comments on social networks from Eric Trump Tuesday, who suggested on X that it was a “good time to add $ ETH”. Altcoins continued to show volatility, with lower dogecoin trading.
Analyst’s remarks: Analyst Rekt Capital highlighted X that the previous Altcoin cycles gained momentum when Bitcoin domination rejected the level of 71%.
In addition, cryptocurrency analyst Michaël Van de Poppe Supplied with long -term upward perspectives, suggesting that Bitcoin could reach $ 500,000 and $ 20,000 Ethereum in a prolonged bull cycle. He compared the current configuration of the previous speculative booms market, including the Dot-Com era and the overvoltage of the 2017 cryptography, emphasizing institutional adoption and government support as key engines.
Van de Poppe also highlighted macroeconomic changes that could have an impact on crypto, including the potential devaluation strategies of China and an increased institutional involvement in Bitcoin. He noted that the American government seems more and more favorable to digital assets, financial institutions expanding childcare services and regulatory attitudes moving towards a broader adoption.
Despite the recent lowering feeling, he argued that altcoins remain undervalued and that the long-term crypto cycle always has room for an upward movement. “The current feeling of the markets is ultra kisses, because the greatest daily capitulation in the history of cryptographic markets has taken place,” he wrote.
Read then:
Image via Shutterstock
Non-liability clause:: This content was partially produced with the help of AI tools and was examined and published by Benzinga Editors.
Do not miss a beat on the equity market. Get real -time updates on moving to superior actions and trading ideas on Benzinga India Telegram Channel.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.