Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died

Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.

CoinDesk1h ago1 min readVerified

Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died — Image · CoinDesk

The gist

5-point summary · 1 min

Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.

Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows.
The bitcoin outflow was broad this time, with even BlackRock's IBIT shedding $31 million and ARKB down $44 million, while every ether fund finished in the red.The trigger was the Federal Reserve.
Markets put the odds of an increase as soon as October near 60%.
Total crypto market value has held flat near $2.26 trillion since Tuesday's close, and bitcoin has eased to about $63,800, mid-range of the climb it built over the past 11 days, per CoinDesk data.
The peace deal that drove the recovery eased inflation fears, but a Fed now leaning toward hikes has replaced the cut bets crypto was counting on.

$111 million$2.26 trillion$82 million$29 million$31 million$44 million

Source

In this article

US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign the recovery rally has lost its institutional bid. Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows. The bitcoin outflow was broad this time, with even BlackRock's IBIT shedding $31 million and ARKB down $44 million, while every ether fund finished in the red.The trigger was the Federal Reserve. Kevin Warsh's first meeting as chair held rates at 3.50% to 3.75% on Wednesday, as expected, but the projections turned hawkish.The median forecast now sees the policy rate ending 2026 at 3.8%, up from 3.4% in March, and nine of 18 officials penciled in a hike this year. Markets put the odds of an increase as soon as October near 60%. The rate cuts that helped power the bounce are gone.The price tape stalled with the flows. Total crypto market value has held flat near $2.26 trillion since Tuesday's close, and bitcoin has eased to about $63,800, mid-range of the climb it built over the past 11 days, per CoinDesk data. The macro backdrop has flipped. The peace deal that drove the recovery eased inflation fears, but a Fed now leaning toward hikes has replaced the cut bets crypto was counting on. The next tests are October hike odds and whether the ETF bid returns.

Integrity note · Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at CoinDesk. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

What people are saying

Discussion

Hot takes

0/280

Loading takes…

Comments

Discussion · 0

Loading comments…

Keep readingCrypto & Web3 desk

See all in Crypto →

·31m ago

The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note

The bond market is sending a signal that complicates prospects of a near-term bitcoin bull run.

CoinDeskVerified

·52m ago

Solana rebounds to $73.62 as bulls eye $84 level

Solana’s price has shown signs of recovery after dipping into the $60 to $64 range during the latest market pullback. Despite this rebound, several technical signals point to ongoing obstacles before SOL can sustain a convincing upward move

CoinTurk NewsSingle source

·1h ago

Solana rallies over 8%, but charts point to resistance ahead

Solana is up 8.7% over the past 7 days, supported by a series of bullish catalysts, before the rally came to a halt. According to market data, SOL rose from around $65 earlier in the week to nearly $75 before giving back part of those gains

InvezzSingle source

·1h ago

Bitcoin price forecast: why the $61,775 level matters now

Bitcoin is trying to repair after its recent sharp pullback, but I am not treating this as a clean bullish reversal yet. The short-term bounce is constructive, especially after the recovery from the $59,100 area, but the key level I cannot ignore is $61,775. If Bitcoin loses that zone, the bullish repair case weakens quickly. Key takeaways for crypto traders and investors Current read: Bitcoin has bounced over the past week, but the larger trend remains damaged. Key level: $61,775 is the major line in the sand because it is the point of control from the recent consolidation range. Bullish defense zone: Bulls ideally need to protect the $63,200 to $63,850 area. Market context: Bitcoin is up over one week, but still deeply negative over longer timeframes. Relative strength: Bitcoin is not leading crypto this week, with several altcoins outperforming BTC. My Bitcoin technical analysis video What does the Bitcoin chart show today? On my Bitcoin spot chart, the important recent low came near $59,100, from Friday, June 5. That area created a possible double-bottom structure, which is why many traders are now asking whether the dip has already completed. I also have a regression channel on the chart, using two standard deviations on each side. Once Bitcoin broke below that structure, it activated what looked like a bear flag. Since then, price has tried to repair higher and has retraced back toward the 20 EMA, a widely followed moving average. That is the current debate. Is Bitcoin building a real reversal, or is this only a normal bounce after a breakdown? For me, the answer depends on how price behaves around the nearby value zone Bitcoin has bounced, but the bigger picture is still carrying damage Bitcoin has managed to put in a decent one-week bounce, up roughly 5%. That is not nothing. After the recent drop, even a modest green patch can quickly bring back the “was that the dip?” crowd. But zooming out, the chart still has some bruises. Over the past month, Bitcoin is still down about 16%. Over 6 months and year-to-date, it is down roughly 27%. Over one year, the damage is closer to 39%. So yes, the one-week bounce matters, but I would not confuse it with a full bullish regime shift yet. This is more like Bitcoin has stood up after getting knocked down. Good. Encouraging. But it still needs to prove that it can walk properly before we start talking about a real trend reversal. Bitcoin is not exactly the star of the crypto show this week Another thing I noticed is that Bitcoin is not leading the crypto board this week. Some of the stronger movers are coming from the altcoin side. XLM and UNI are the eye-catchers, with very strong one-week gains. ZEC and AAVE also showed solid relative strength, while SOL and ETH were modestly positive. Bitcoin, meanwhile, was slightly negative on the relative performance snapshot. That does not automatically make Bitcoin bearish, but it does tell me that the short-term excitement is not centered on BTC leadership right now. And on the weaker side, names like TAO, ICP, ADA, DOGE, and BNB were lagging. So the crypto market is not moving as one clean block. There is rotation, selectivity, and some clear winners and losers. For Bitcoin bulls, stronger BTC leadership would help. If Bitcoin starts outperforming while holding above the key value areas, the bullish repair case becomes more convincing. But for now, I still see this as a repair attempt, not a confirmed takeover by buyers. Bitcoin bullish and bearish scenarios This is the practical trading map I am using now. Could Bitcoin still return toward $100,000? If Bitcoin completes a real bullish reversal from this area, I do think the upside can become meaningful. A move back toward the higher zones, potentially even closer to $100,000, becomes more realistic only if buyers first prove themselves at the current decision area. But that is not confirmed yet. The market still needs to show that this bounce is more than a retracement into the 20 EMA and value resistance. The next few sessions are important because Bitcoin is sitting near a technical junction, not a random price area. What should traders watch next? The macro picture is rapidly shifting, forcing active traders to quickly re-evaluate their exposure as monetary policy uncertainty injects heavy volatility across key asset classes. We are seeing a distinct shift in market microstructure after , which triggered a broad sell-off across equities as market participants priced in tighter liquidity conditions and higher-for-longer interest rates. This aggressive defensive rotation was further exacerbated as Federal Reserve Chair Kevin , a strategic pivot that has raised significantly more questions than answers regarding forward guidance and systemic liquidity. For short-term order flow, this means trailing VWAP levels and monitoring key institutional support zones will be absolutely critical to confirm whether this downside momentum has room to run or if a relief bounce is building. But focused on the bitcoin chart as guidance, the main thing I am watching is whether Bitcoin can defend the $63,200 to $63,850 zone and avoid a deeper rotation back toward $61,775. If Bitcoin holds and pushes higher, the repair remains alive. If Bitcoin loses $61,775, I would become much more cautious on the bullish case because that would suggest buyers are not strong enough to defend the main fair-value area from the recent consolidation. This is still a decision zone. It is not the place to assume certainty. The chart is giving traders clear levels, and the next reaction around those levels should tell us a lot about whether Bitcoin is repairing or preparing for another leg lower. Educational note: This analysis is a scenario map, not financial advice. Bitcoin can move quickly, and traders should manage risk according to their own plan, timeframe, and account size. This article was written by Itai Levitan at investinglive.com.

ForexliveSingle source

Newsletter

Track crypto & web3 every morning.

Daily digest tuned to this beat. The 5 stories most worth your time. Unsubscribe anytime.