Bitcoin Gives Back Overnight Gain as Brent Crude Tops $100

Bitcoin hit a 24‑hour high of $79,701.36 in the overnight session but erased the gain in early New York trading, ending the day within $60 of Tuesday’s close and flat over the past 24 hours.

Market Overview

Across the broader crypto market, 93 of the 123 largest non‑stablecoin tokens posted declines. Total crypto market value held at $2.79 trillion, up 0.04 % in the last day, with Bitcoin dominance at 56.5 %.

Key Price Moves

• Bitcoin: $78,591 (‑0.1 % 24 h, +2.4 % 7 d)
• Ether: $2,497.54 (‑0.2 % 24 h, +4.1 % 7 d)
• XRP: down 1.2 %
• Solana: down 1.3 %
• BNB: down 2.1 % (up 7.8 % weekly)
• Zcash: $1,284.42 (up 7.2 % 24 h, +56.3 % weekly, +152.3 % monthly)

Zcash Gains After DCG Swap

Digital Currency Group exchanged 85,705 ZEC for roughly $100 million of shares in the Grayscale Zcash ETF, an in‑kind creation disclosed in an 8‑K filing. The transaction contributed to Zcash’s strong weekly performance, making it the only top‑20 token up more than 2 % on the day.

ETF Flows

U.S. spot Bitcoin ETFs recorded a net outflow of $46.6 million, the first negative day since September 1. The three prior sessions had net inflows exceeding $1 billion combined.

Macro Context

Brent crude rose above $100 a barrel, trading at $100.74, while gold futures were up 0.73 % at $4,471.40. Upcoming U.S. inflation data (producer prices Thursday, consumer prices Friday) are expected to shape Federal Reserve policy expectations ahead of the FOMC meeting.

Other Notable Moves

• Raydium (Solana AMM) traded between $1.12 and $1.47 on $179.4 million volume.
• Venice Token hit a record $29.19 before retreating, ending up 2.3 %.
• NEAR posted a 40.8 % weekly gain.
• Polkadot, Cosmos Hub, Tezos, and Ethereum Classic each rose over 8 % without a shared catalyst.
• Akedo fell 8.6 % after a prior 21 % midday rally, still holding a 76.5 % weekly gain.
• Arbitrum and Worldcoin each gave back roughly 10 % while maintaining weekly gains above 20 %.
• Hunter Biden’s LAPTOP token plunged 98.8 % after an initial launch price of $199.51.