Bitcoin and other cryptocurrencies traded mixed on Wednesday, as the world’s largest digital asset consolidated near $86,000 following a strong weekly recovery, while Bitcoin Cash and Uniswap recorded substantial gains following a major derivatives announcement.
Bitcoin was trading at $85,862, down 0.14 percent over the previous 24 hours but up 13.09 percent over seven days, according to the latest CoinMarketCap data. The cryptocurrency maintained a market capitalization of approximately $1.72 trillion, with 24-hour trading volume reaching $37.39 billion.
The wider cryptocurrency market was valued at approximately $2.92 trillion, with daily trading volume of $111.22 billion. Bitcoin’s market dominance stood at approximately 58.98 percent, reflecting its continued position as the largest digital asset.
Market sentiment remained elevated, with the Crypto Fear and Greed Index registering 78, indicating extreme greed, compared with 70 the previous day.
The latest figures come after Bitcoin climbed above $87,000 earlier this week, reaching an eight-month high as institutional buying, exchange-traded fund inflows and improved investor sentiment supported the cryptocurrency’s recovery.
Bitcoin ETF inflows accelerate
Institutional demand remains an important driver of the cryptocurrency market’s recent performance.
According to Farside Investors , U.S. spot Bitcoin ETFs attracted $714.7 million in net inflows on September 22, following approximately $999 million on September 21, the largest single-day inflow in 11 months.
BlackRock’s IBIT recorded $350.3 million in inflows during Tuesday’s session, while Fidelity’s FBTC attracted $257.4 million. Morgan Stanley’s Bitcoin fund added $99 million.
The sustained inflows highlight continued institutional participation despite uncertainty surrounding U.S. monetary policy and the broader macroeconomic outlook.
Meanwhile, the U.S. Securities and Exchange Commission’s September 17 innovation exemption introduced temporary, conditional regulatory relief for certain venues trading tokenized U.S. stocks, adding another development to the evolving digital asset regulatory environment.
Read more: Bitcoin rises to $85,992 as Strategy boosts holdings
Ethereum and major altcoins
Ethereum, the second-largest cryptocurrency, traded at $2,732.64, declining 0.16 percent over 24 hours while maintaining a 13.85 percent weekly gain.
Ether’s market capitalization stood at approximately $333.85 billion, with daily trading volume reaching $14.81 billion.
U.S. spot Ethereum ETFs recorded $162.2 million in net inflows on September 22, following $270 million during the previous session, according to Farside Investors.
BNB traded at $784.70, slipping 0.28 percent over 24 hours while gaining 10.16 percent over the week. Its market capitalization stood at $104.29 billion.
XRP advanced 3.70 percent to $1.5948, extending its seven-day gain to 23.04 percent, with a market capitalization of $99.68 billion.
Solana traded at $117.46, edging up 0.14 percent over 24 hours and gaining 20.53 percent over the week. Its market capitalization reached approximately $68.86 billion.
TRON declined 1.19 percent to $0.343152, although it remained 2.53 percent higher over seven days.
Hyperliquid gained 0.29 percent to $95.94, with a weekly increase of 22.96 percent, while Dogecoin advanced 2.01 percent to $0.099813, bringing its seven-day gain to 24.78 percent.
Cardano climbed 2.84 percent to $0.2531, recording a 29.89 percent weekly increase, while Chainlink declined 0.58 percent to $12.876 despite an 18.83 percent gain over seven days.
Bitcoin Cash leads gains
Bitcoin Cash emerged among the strongest-performing major cryptocurrencies, surging 30.56 percent over 24 hours to $353.01 and extending its weekly advance to 58.60 percent.
Uniswap also climbed sharply, rising 11.03 percent to $9.8394, with a seven-day gain of 54.23 percent.
The gains followed CME Group’s announcement that it plans to launch Bitcoin Cash and Uniswap futures on October 19, subject to regulatory review.
The exchange said the expansion responds to institutional demand for regulated cryptocurrency derivatives and risk-management products across liquid altcoin markets.
Elsewhere, NEAR Protocol rose 3.77 percent to $4.6152, extending its weekly gain to 90.44 percent.
Avalanche advanced 2.09 percent to $11.23, while Litecoin gained 4.20 percent to $62.83. Their respective weekly increases reached 52.86 percent and 23.48 percent.
Zcash climbed 7.27 percent to $1,646.36, recording a 33.70 percent weekly gain, while Monero slipped 0.86 percent to $567.17.
Broader cryptocurrency performance
Among other major tokens, Stellar gained 2.34 percent to $0.21579, while Sui advanced 0.35 percent to $1.0182.
Hedera rose 3.25 percent to $0.09692, and Aave climbed 5.47 percent to $148.92.
Bittensor declined 2.91 percent to $309.66, while Shiba Inu gained 2 percent to approximately $0.00000605.
Pepe slipped 2.13 percent to $0.00000482, despite a weekly advance of 43.98 percent. Pump.fun fell 7.48 percent to $0.004278.
Stablecoins remained relatively steady, with Tether trading at $0.9999 and USDC at $1.0000. Their respective market capitalizations stood at approximately $183.44 billion and $75.12 billion.
