The cryptocurrency market staged a cautious recovery on Tuesday, as Bitcoin, Ethereum, XRP and Solana posted gains over the previous 24 hours, although continued exchange-traded fund outflows and uncertainty over U.S. inflation and cryptocurrency regulation kept sentiment fragile.
Bitcoin rose 1.34 percent to $74,739.20, recovering part of its recent losses while remaining 2.56 percent lower over the previous seven days. The world’s largest cryptocurrency had a market capitalization of approximately $1.50 trillion, with 24-hour trading volume reaching $23.21 billion.
Ethereum gained 1.10 percent to $2,113.23 but remained 6.25 percent lower for the week. Its market capitalization stood at $258.25 billion, with approximately $10.56 billion in trading volume during the previous 24 hours.
The broader cryptocurrency market was valued at around $2.49 trillion, while Bitcoin represented just over 60 percent of total market capitalization. CoinMarketCap’s Fear and Greed Index stood at 28, firmly in “fear” territory, reflecting continued caution despite Tuesday’s recovery.
ETF selling continues
Bitcoin’s recovery remains constrained by persistent withdrawals from U.S.-listed spot Bitcoin ETFs, suggesting institutional investors have yet to return decisively despite the improvement in broader financial-market sentiment.
U.S. spot Bitcoin ETFs recorded approximately $201 million in net outflows on Monday, according to SoSoValue data. The latest withdrawals followed more than $1.2 billion in outflows during the previous week.
Regulatory uncertainty following the Democratic victory in the U.S. midterm elections was also weighing on cryptocurrency sentiment, as traders assessed the possibility of greater scrutiny under a Democrat-led Congress.
That concern remains a market expectation rather than a confirmed change in cryptocurrency regulation, but it has added another source of uncertainty at a time when institutional flows are already weak.
Traditional risk assets have performed more strongly. U.S. equities rallied sharply on Monday as falling oil prices reduced inflation fears, but Bitcoin has struggled to match the scale of that rebound.
The divergence suggests cryptocurrency investors remain more sensitive to ETF flows, regulatory expectations and the interest-rate outlook than equity investors responding to lower energy prices.
Major altcoins recover
BNB advanced 2.37 percent to $690.84, lifting its market capitalization to $90.85 billion. The token nevertheless remained 0.48 percent lower over the previous seven days.
XRP gained 1.28 percent to $1.0969, with a market capitalization of $69.67 billion, although it remained down 12.39 percent for the week.
Solana rose 0.79 percent to $86.095, supported by daily trading volume of $2.15 billion. Its market capitalization stood at $50.89 billion, while the cryptocurrency remained 6.42 percent lower over seven days.
TRON increased 0.81 percent to $0.318675, while Dogecoin climbed 3.15 percent to $0.070080. Dogecoin was still 5.24 percent lower over the week.
Cardano gained 4.20 percent to $0.1793 and Stellar rose 3.65 percent to $0.14923.
Chainlink advanced 3.95 percent to $10.643, while Litecoin increased 3.27 percent to $51.44. Both remained below their levels from a week earlier.
Live CoinMarketCap readings later in the morning showed the same broad pattern of modest gains across many large-cap tokens, although individual prices and percentage moves continued changing throughout active trading.
Smaller tokens diverge
Several smaller cryptocurrencies delivered stronger daily gains as investors selectively returned to higher-risk tokens.
Avalanche jumped 8.14 percent to $8.46, making it one of the strongest-performing cryptocurrencies. Uniswap rose 5.23 percent to $7.0479, while NEAR Protocol gained 5 percent to $3.6421 and Sui advanced 5.15 percent to $0.8494.
Bitcoin Cash increased 0.95 percent to $238.62 despite remaining 13.26 percent lower over the previous seven days.
Not every token participated in the recovery.
Zcash fell 3.22 percent to $1,153.29, while Monero declined 4.43 percent to $564.54.
Subsequent CoinMarketCap readings continued to show pressure on both privacy-focused tokens, with Zcash around $1,146 and Monero near $563 as markets remained volatile.
Hyperliquid edged 0.44 percent higher to $74.3880, UNUS SED LEO gained 2.60 percent to $9.3339 and Hedera rose 2.70 percent to $0.06729. Quant slipped 0.70 percent to $191.50.
Tether Gold increased 0.62 percent to $4,095.77, broadly tracking continued strength in the underlying precious-metal market.
Stablecoins stay resilient
Stablecoins remained close to their dollar pegs despite volatility across the broader digital-asset market.
Tether traded at $0.9987, down 0.03 percent, with a market capitalization of $176.81 billion and 24-hour trading volume of $51.80 billion.
USDC stood at $0.9997, down 0.02 percent, with a market capitalization of $70.11 billion and daily volume of approximately $10.42 billion.
Other dollar-linked assets, including Dai, Ethena USDe, PayPal USD and Ripple USD, also remained close to parity.
The resilience of stablecoins is important for the broader market because they provide a major source of liquidity for trading, settlement and movement between cryptocurrency exchanges.
CoinMarketCap showed total cryptocurrency market capitalization near $2.49 trillion, with Bitcoin dominance around 60.3 percent and Ethereum accounting for roughly 10.4 percent. The Altcoin Season Index remained below the midpoint, indicating that Bitcoin continued to dominate the broader market structure despite Tuesday’s gains in smaller tokens.
Inflation takes focus
The next immediate catalyst is U.S. inflation.
The Bureau of Labor Statistics is scheduled to publish October’s Consumer Price Index at 8:30 a.m. Eastern Time on Tuesday, November 10.
The report could influence expectations for Federal Reserve interest rates, Treasury yields and the dollar, all of which can affect demand for speculative assets such as cryptocurrencies.
Higher-than-expected inflation could reinforce expectations for tighter monetary policy and put renewed pressure on Bitcoin and altcoins by increasing the relative appeal of interest-bearing assets.
A softer reading could have the opposite effect, particularly if it reduces expectations for further rate increases and extends the broader rebound in risk assets.
Anticipation of CPI had already kept cryptocurrency traders cautious, with Bitcoin struggling to establish a sustained move above $75,000 despite its recovery.
The Bureau of Labor Statistics is also scheduled to release October’s Producer Price Index on Friday, November 13 at 8:30 a.m. Eastern Time, giving markets another measure of U.S. inflation pressures.
