WASHINGTON, May 23, 2025 - The cryptocurrency market experienced a downturn today due to escalating geopolitical tensions in the Middle East. The overall crypto market capitalization decreased by 2.3% in the last 24 hours, reaching $3.38 trillion. (Source: RTTNews.com, May 23, 2025)
Trading volume decreased by nearly 4% overnight, totaling $129 billion. The CMC Crypto Fear and Greed Index eased to 61 from 65, but still indicates 'greed'. (Source: RTTNews.com, May 23, 2025)
Bitcoin fell by 2.2% overnight, trading at $107,432, 4% below its all-time high of $111,970 recorded on May 22. Bitcoin's market share is 63.2%, with gains of 3% over the past week and 4.2% over the past month. Year-to-date gains exceed 15%. (Source: RTTNews.com, May 23, 2025)
Ethereum declined by 1.6% overnight to $2,759, but gained 6.6% in the past week. Ethereum is currently 44% below its all-time high. (Source: RTTNews.com, May 23, 2025)
Bitcoin-based Spot ETF products in the U.S. saw $165 million in inflows on Wednesday, down from $431 million the day before. Ethereum-based Spot ETF products witnessed $240 million in inflows on Wednesday, up from $125 million on Tuesday. (Source: RTTNews.com, May 23, 2025)
XRP lost over 3% overnight, trading at $2.24, about 41% below its all-time high. Other top cryptocurrencies also saw declines, including BNB, Solana, Dogecoin, TRON, and Cardano. (Source: RTTNews.com, May 23, 2025)