by Coinstrooper Crypto Articles
Quick Take
  • The global cryptocurrency market is down today, with total market capitalization falling 1.6% to $3.89 trillion, according to data from CoinMarketCap.
  • Meanwhile, 24-hour trading volume stands at $171 billion, showing a modest uptick despite broad declines across major assets.
  • The global crypto market cap fell 1.6% to $3.89 trillion;
  • Bitcoin dropped 2% to $112,859, as Ethereum declined 3% to $3,991;

What Happened

Trump Media’s Truth Social partnered with Crypto.com to launch prediction markets;

Meanwhile, Bitwise Asset Management’s newly launched spot Solana ETF is seeing strong investor appetite, recording $69.5 million in inflows on its first trading day.

The Federal Reserve is widely expected to announce a 25-basis-point rate cut today, lowering its benchmark range to 3.75%–4% as markets brace for signals on future liquidity moves.

Market Context

The global cryptocurrency market is down today, with total market capitalization falling 1.6% to $3.89 trillion, according to data from CoinMarketCap. Meanwhile, 24-hour trading volume stands at $171 billion, showing a modest uptick despite broad declines across major assets.

The global crypto market cap fell 1.6% to $3.89 trillion;

At the time of writing, Bitcoin (BTC) is down 1.5% over the past 24 hours, trading at $112,859.

Among the top 100 tokens, only a handful are up. Diverge Loop (DIVER) leads today’s gainers, soaring 88.5%, while Vutlsig (VUT) dropped 31.9%, making it one of the biggest decliners in the market.

Enso, Arcblock, and ChainOpera AI are the most trending coins over the past day, leading conversations across the market.

Fed Rate Cut Looms: Crypto on Edge as Markets Await Liquidity Signals

Traders are also watching for hints that the Fed could slow or halt balance-sheet runoff, a shift that would inject liquidity into financial markets. The dollar has softened amid growing expectations of a broader easing cycle.

Bitget CEO Gracy Chen said markets are “on a knife-edge between hope and hesitation,” noting that a dovish Fed could lift risk assets like crypto, while a hawkish tone could trigger a quick pullback.

Why It Matters

The Fed is expected to cut rates by 25 basis points today;

Details

Key Takeaways:

Bitcoin dropped 2% to $112,859, as Ethereum declined 3% to $3,991;

The Crypto Fear and Greed Index fell back to 39 (Fear);

Bitwise’s Solana ETF drew $69.5 million in debut inflows;

US spot Bitcoin ETFs logged $202.48M inflows;

Ethereum ETFs saw even stronger inflows at $246.02M;

Crypto Winners & Losers

Ethereum (ETH) has slipped 3.0% to $3,991. BNB fell 2.1% to $1,111, and Dogecoin (DOGE) dropped 3.1% to $0.1939, marking one of the steepest losses among the top 10.

XRP (XRP) was the only major asset in the green, rising 0.5% to $2.64.

Solana (SOL) edged down 1.9% to $196.34.

The figure is nearly six times the $12 million debut haul of its closest competitor, the Rex-Osprey Solana Staking ETF (SSK), according to data from Farside.

The decision and press conference by Fed Chair Jerome Powell at 2 p.m. ET will be closely parsed for clues on policy direction.