The crypto market showed more stability than volatility on Wednesday — with most assets setting foot in losses. Bitcoin on Wednesday reflected a price drop of 2.75 percent to trade at $76,030. The asset’s seven-day price average is down by 16 percent.
Ether joined Bitcoin in registering losses on Wednesday. The second-most expensive crypto asset is retailing at $2,240 after logging a loss of under three percent on the crypto chart over the last day, data by CoinMarketCap showed.
In conversation with Coin Headlines, market analysts said that the end to the U.S. government shutdown, after the House passed a bill to largely reopen federal operations, played as a crucial positive catalyst in bringing some stability to the market.
“The end to the U.S. government shutdown could unlock a relief rally by restoring liquidity and allowing the release of critical jobs data, giving markets clearer economic signals. Adding to the constructive setup, Bitcoin ETFs saw net inflows of $561 million, hinting at a potential trend reversal. However, downside risk remains with traders looking out for the $70,000 level closely,” Akshat Siddhant, Lead quant analyst, Mudrex told Coin Headlines.
BNB, XRP, Solana, Dogecoin, Cardano, Hyperliquid, Canton, and Chainlink registered losses of under seven percent alongside BTC and ETH over the last 24 hours.
Meanwhile, Tron joined Leo, Hedera, Cronos, and World Liberty Financial in seeing minor gains ranging from 0.40 to five percent.
The overall crypto market cap slipped by 2.32 percent in the last 24 hours. At present, the valuation of the crypto sector stands at $2.57 trillion, CoinMarketCap showed.
“For crypto investors, this is a phase that rewards discipline over prediction. Macro forces are shifting beneath the surface, and technical structures across assets suggest that resolution is approaching — even if timing remains uncertain. When volatility expands from these conditions, history suggests the move is unlikely to be subtle. Until then, patience, positioning, and risk management remain the real edge,” Tony Severino, Market Analyst, YouHodler told Coin Headlines.
In the last 24 hours, over 156,400 traders were liquidated with the total liquidations hitting $701.30 million, as per CoinGlass.