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Why Is Crypto Down Today? – July 1, 2025

2025-07-01 11:06:20

Why Is Crypto Down Today? – July 1, 2025

Main Idea

The crypto market experienced a downturn on July 1, 2025, with most top cryptocurrencies seeing price drops, while Bitcoin and Ethereum showed minor declines and some altcoins like XRP and Solana saw gains.

Key Points

1. 90 of the top 100 cryptocurrencies by market cap dropped over the past 24 hours, with the total market capitalization decreasing by 3.2% to $3.41 trillion.

2. Bitcoin (BTC) fell 0.9% to $106,974, while Ethereum (ETH) dropped 0.8% to $2,460; XRP (XRP) increased by 1.6%, and Solana (SOL) and Tron (TRX) saw minor gains.

3. Bitcoin Cash (BCH) and Algorand (ALGO) were among the top gainers, appreciating by 5.1% and 3.8%, respectively, while Tokenize Xchange (TKX) and SPX6900 (SPX) saw double-digit drops.

4. US spot Bitcoin ETFs recorded 15 consecutive days of positive flows, adding $102.14 million, with BlackRock and Ark & 21Shares being the primary contributors.

5. Bloomberg ETF analysts raised expectations for US approval of spot ETFs tracking Solana, Litecoin, and XRP to 95%, with over 70 crypto ETFs awaiting SEC review.

Description

The crypto market is down today. 90 of the top 100 coins per market cap have dropped over the past 24 hours. Also, the cryptocurrency market capitalization has decreased by 3.2% to $3.41 trillion. The total crypto trading volume is at $90.9 billion. TLDR: The crypto market has recorded another decrease, with 90 of the top 100 coins down today; BTC and ETH fell less than 1% each to $106,974 and $2,460, respectively; The market is consolidating amid the general geopolitical calm, while institution...

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Tags:
Bitcoin News Bitcoin Cryptocurrency Market
$BTC
$108504.9
--1.50%
$SPX
$1.1930
--9.85%
$ETH
$2533.58
--3.44%
$USDC
$0.9989
--0.01%
$BCH
$484.62
--3.65%
$ALGO
$0.17457
--6.88%
$DOGE
$0.16585
--4.94%
$XRP
$2.2352
--2.87%
$SOL
$149.90
--2.95%
$TRX
$0.28523
+0.15%

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