Key Highlights
- Crypto market cap jumps 4% to $2.88T, led by Bitcoin’s rise above $80,000.
- Bitcoin ETF inflows hit $433.03M, with Fidelity’s FBTC taking about 96% of the total.
- Over $324.88M in crypto positions were liquidated, affecting more than 101,000 traders.
The crypto market is back in the green, with its total market value jumping more than 4% to about $2.88 trillion on Saturday. Bitcoin led the rally, as it climbed above $80,000 to $81,383 within 24-hours as traders returned to the market and money flowed back into U.S. spot Bitcoin ETFs.
According to data from CoinGecko (at 3:08 p.m. UTC), Bitcoin gained about 1.2% over the same period. This surge pushed its market capitalization to over $1.633 trillion in value with a 24-hour trading volume of about $34.091 billion.
This surge picked up on Friday when the asset surged from $74,584.15 during early trading hours, with its market cap at the time reaching $1.57 trillion. Bitcoin has added a major amount of value in a short period as it moved further above the $80,000 mark.
Ethereum keeps pace with Bitcoin
Ethereum also had a strong performance during Friday’s market rebound, but Bitcoin has now taken the lead as the wider crypto market continues to recover.
At the time, ETH was trading above $2,580 with its market capitalization reaching about $315 billion. Trading volume stood at roughly $18.7 billion as at 2 p.m. UTC.
However, Ethereum has not been left behind by Bitcoin’s latest move. At the time of reporting, Ether is trading at $2,637, up 5.5% over the past 24-hours. Its market value had climbed to about $322.189 billion, while trading volume stood at roughly $17.994 billion, according to CoinGecko (at 3:08 p.m. UTC).
Bitcoin ETFs see fresh inflows
Bitcoin’s rally also came as investors returned to the U.S. spot Bitcoin ETF market. According to data from SosoValue, the funds recorded combined $433.03 million in net inflows on September 18. In simple terms, more money entered these Bitcoin funds than left them during the session.
Fidelity’s Wise Origin Bitcoin Fund, also known by its ticker FBTC, received most of that money. The fund brought in $310.7 million.
Blackrock added $108.44 million while Bitwise’s BITB added $9.7 million. ARKB received $1.9 million, while VanEck’s HODL brought in $2.3 million.
The return of ETF inflows came after a difficult stretch. The funds recorded combined outflows of $450.4 million on September 15 and another $295.9 million on September 16. They then returned to positive territory with $159.5 million in inflows on September 17 before Friday’s larger $324.6 million inflow.
Crypto rally triggers heavy liquidations
While Bitcoin and Ethereum pushed higher, the move also forced many traders to close losing positions. According to data from Coinglass (at 3:08 p.m. UTC), about $324.88 million have been liquidated from the market within the last 24-hours.
The data shows that about 101,582 traders were affected with most of them who had bet on price going down accounting for around $256 million, while long position traders account for the rest.
When prices move sharply against a trader’s position, exchanges can automatically close that position to limit further losses.
According to Coinglass (at 3:08 p.m. UTC), Ethereum saw the largest liquidation which was about $87.32 million in volume. Bitcoin followed with around $68.68 million while ZEC recorded $24.65 million in value. SOL recorded around $21.71 million with other major assets including XRP, AKE, HYPE, SNDK recorded less than $20 million.
The latest market rally therefore brings together three major developments: Bitcoin pushing above $80,000, fresh money entering spot Bitcoin ETFs and a large number of traders being forced out of losing positions as crypto prices moved higher.
Also Read: Solana (SOL) Price Prediction 2026, 2027–2030: Will It Hit $300 High?
