WASHINGTON (dpa-AFX) - Expectations that an end to the conflict in the Middle East is in sight supported global financial markets including cryptocurrency market. Overall market capitalization of cryptocurrencies has added more than 2.5 percent in the past 24 hours.
The Dollar's retreat also supported sentiment in the cryptocurrency space. The six-currency Dollar Index which measures the Dollar's strength against a basket of 6 currencies is currently trading at 99.33. The index has retreated after touching a multi-month high of 100.64 on Tuesday. The greenback's trading between 99.31 and 99.85 and an eventual decline to 99.33 came amidst renewed expectations of a quick end to the Middle East war.
Sentiment however remains fragile amidst fears of advancements in quantum computing exploiting key vulnerabilities associated with some of the cryptocurrencies. A Google Quantum AI research paper published on Monday had identified potential risk from advancements in quantum computing.
CoinMarketCap's Fear and Greed Index that measures the sentiment in the crypto market improved to 32 from 30 a day ago. It was 35 a week earlier. However, the readings remain in the 'fear' territory.
The diverse catalysts swaying market sentiment is reflected in the 24-hour liquidation statistics. Data from Coinglass shows short positions surpassing long positions in the 24-hour liquidation statistics, implying a mild short squeeze. Crypto liquidations - forced closure of a trader's leveraged position by an exchange or lending protocol for insufficient funds (margin or collateral) to cover potential losses - in the past 24 hours stood at $302 million comprising long positions of $104 million and short positions of $197 million.
Amidst the geopolitical de-escalation trade, overall crypto market capitalization has gained 2.66 percent in the past 24 hours to $2.36 trillion. The 24-hour trading volume has jumped more than 8 percent to $98 billion. Around 67 of the top 100 cryptocurrencies are trading with overnight gains of more than a percent whereas 7 are trading with overnight losses of more than a percent.
Bitcoin (BTC), the largest cryptocurrency is trading 2.5 percent higher at $68,581.90. The current price is around 46 percent below the all-time high of $126,198.07 recorded on October 7, 2025. The original cryptocurrency has lost 3.4 percent in the past week and is saddled with losses of 21.6 percent till date in 2026.
Bitcoin Spot ETF products in the U.S. witnessed net inflows rising to $118 million on Tuesday from $69 million on Monday. Market leader iShares Bitcoin Trust ETF (IBIT) topped with net inflows of $98 million.
Bitcoin is continuing in the 13th position in the global ranking of all assets as per market capitalization published by companiesmarketcap.com. Tesla (TSLA) is ranked 12th whereas Berkshire Hathaway (BRK-B) is ranked 14th.
4th ranked BNB (BNB) gained 0.74 percent overnight resulting in price increasing to $613.46. BNB is trading 55 percent below the all-time high of $1,370.55 touched on October 13, 2025.
5th ranked XRP (XRP) gained 2.8 percent overnight and is currently trading at $1.35, around 65 percent below the all-time high of $3.84 touched on January 4, 2018.
The price of 7th ranked Solana (SOL) jumped 2.9 percent overnight to $83.35. SOL's current price is around 72 percent below its all-time-high of $294.33 recorded on January 19, 2025.
TRON (TRX) ranked 8th overall gained 1.1 percent overnight and is currently changing hands at $0.3156. The trading price is 28 percent below the cryptocurrency's all-time high of $0.4407 recorded on December 4, 2024.
9th ranked Dogecoin (DOGE) jumped 2.4 percent overnight and is currently trading at $0.0928. DOGE is trading 87 percent below the peak price of $0.7376 recorded on May 8, 2021.
10th ranked Hyperliquid (HYPE) regained the 10th slot with an addition of 2.7 percent in the past 24 hours. HYPE is trading at $37.09, around 38 percent below the all-time high of $59.39 recorded on September 18, 2025.
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