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24 Hour Crypto Recap: Market Overview
The global crypto market cap fell 1.3% to $2.774 trillion over the past 24 hours. Bitcoin traded at $79,741.74, down 1.2% on the day and down 4.2% over the past week. Ethereum changed hands at $2,304.19, down 1.8% in 24 hours and down 5.8% over seven days. BNB rose 0.6% to $745.57 and is also up 0.6% weekly. XRP fell 3.2% to $1.29, down 4.1% over the week. Solana slipped 1.6% to $99.55, down 5.8% over seven days. CoinGlass data showed $172 million in liquidations over 24 hours, with shorts at $116 million and longs at $56.1412 million. The largest single liquidation, worth $6.3468 million, hit a BTC-USD position on Hyperliquid. Bitcoin led trending searches, down 1.3% to $79,759.64. Lighter fell 8.3% to $2.81 and Pudgy Penguins slipped 3.0% to $0.007564. Among top gainers, MEET48 rose 47.7% to $0.01244, Incentiv climbed 44.7% to $0.00188 and Metaplex gained 40.1% to $0.06776. The FOMC held the federal funds rate at 3.75% to 4.00% in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a 25 basis point hike. The Fed’s statement described economic activity as expanding at a strong pace and inflation as elevated. Chair Warsh said the Fed will turn one of its eight 2027 meetings into a strategy session with no rate vote, cutting rate decisions to six in 2028. Bloomberg reported that bond traders are pricing roughly a 90% chance of a rate hike in December. Related: DTCC launched its Tokenization Service with an initial 34 securities. Each token is backed 1:1 by holdings in DTC custody and can move between registered wallets around the clock. BitGo, Fireblocks, Talos and Tradeweb are among the first partners, and Ondo Finance joined as an ecosystem partner. Google’s Multi-Party Compute custody service for banks is in private preview, with commercial availability planned for early 2027.