Ethereum

Cash

Bitcoin Cash

Ondo

DeXe

<h2 id="tldr">TLDR</h2>
<ul>
 <li>Bitcoin retreated to $64,000 after reaching a three-week high near $65,600.</li>
 <li>Ethereum fell below $1,900 after briefly approaching a six-week peak of $1,950.</li>
 <li>Lower-than-expected US inflation data initially supported gains across the crypto market.</li>
 <li>Bitcoin maintained a 56.7% market dominance despite its latest price decline.</li>
 <li>Ondo gained 17%, while Bitcoin Cash and DeXe led losses among larger cryptocurrencies.</li>
 <li>Total cryptocurrency market capitalization dropped by $40 billion to approximately $2.27 trillion.</li>
</ul>
<p>Bitcoin price returned to $64,000 after briefly reaching a three-week high near $65,600. <a href="https://blockonomi.com/ethereum-eth-jumps-11-as-blackrock-fuels-major-etf-inflows-and-robinhood-chain-gains-traction/" rel="noopener noreferrer nofollow">Ethereum</a> also reversed from a six-week peak near $1,950 and slipped below $1,900. Meanwhile, the broader crypto market lost about $40 billion from its latest daily peak.</p>
<h2 id="bitcoin-reverses-after-cpi-fueled-advance">Bitcoin Reverses After CPI-Fueled Advance</h2>
<p>Bitcoin price had traded near $64,000 during a relatively calm and positive weekend. However, renewed tension between the United States and Iran pressured markets when trading resumed. Bitcoin then fell below $62,000 by Tuesday morning as traders assessed the weekend strikes.</p>
<p>Bitcoin price recovered sharply after June inflation figures came below market expectations. It reclaimed $64,000 and later crossed $65,000 as buying activity strengthened across major exchanges. The advance then peaked near $65,600, marking Bitcoin’s highest level in roughly three weeks.</p>
<p>Sellers regained control after the peak, and the <a href="https://blockonomi.com/bitcoin-price-rebounds-above-64k-as-etf-inflows-return/" rel="noopener noreferrer nofollow">Bitcoin price</a> dropped by about $1,500. The asset returned to approximately $64,000, erasing much of the inflation-driven increase. Its market value also declined to about $1.285 trillion, according to CoinGecko data.</p>
<h2 id="ethereum-retreats-from-six-week-high">Ethereum Retreats From Six-Week High</h2>
<p>Ethereum outperformed several large-cap assets as it climbed toward $1,950 during the broader rebound. The move placed ETH at its highest level since early June. However, selling pressure later pushed the token below the $1,900 mark.</p>
<p>Bitcoin price remained comparatively stable while Ethereum recorded the stronger short-term move. BNB edged closer to $580, but XRP slipped slightly while contesting the $1.10 level. These mixed results showed limited follow-through among several leading alternative cryptocurrencies.</p>
<p>Solana, Tron, <a href="https://blockonomi.com/hyperliquid-hype-tests-critical-support-amid-nine-week-etf-buying-streak-and-100-price-forecast/" rel="noopener noreferrer nofollow">Hyperliquid</a>, Rain, Zcash, Canton, Litecoin, and Cardano all posted daily losses. Bitcoin Cash and DeXe recorded sharper declines among larger assets. In contrast, Ondo gained about 17% as the Bitcoin price stabilized near $64,000.</p>
<h2 id="crypto-market-value-declines">Crypto Market Value Declines</h2>
<p>The total cryptocurrency market value fell by roughly $40 billion from its daily peak. It later stood near $2.270 trillion as selling spread across several major tokens. The Bitcoin price decline contributed to the broader pullback after the earlier market advance.</p>
<p>Bitcoin maintained a 56.7% share of the total<a href="https://blockonomi.com/cz-explains-why-cryptocurrency-markets-are-struggling-in-2026/" rel="noopener noreferrer nofollow"> cryptocurrency market</a> despite the decline. Therefore, its dominance stayed unchanged even as several alternative assets recorded deeper losses. The Bitcoin price remained above levels seen during Tuesday’s early decline below $62,000.</p>
<p>The market ended the period with Bitcoin near $64,000 and Ethereum below $1,900. The Bitcoin price held part of its CPI-driven recovery but remained below Wednesday’s three-week peak. Overall market value also stayed lower as the Bitcoin price rally lost momentum.</p>
<p>The post <a href="https://blockonomi.com/crypto-market-sheds-40b-as-bitcoin-price-pulls-back/" rel="noopener noreferrer nofollow">Crypto Market Sheds $40B as Bitcoin Price Pulls Back</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Crypto Market Sheds $40B as Bitcoin Price Pulls Back

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