Why Is Crypto Down Today? – July 22, 2025

Key Points

1. The crypto market cap dipped below $4 trillion, with most top 100 coins declining; BTC and ETH were down, while Solana (SOL) was the only top 10 coin in the green.

2. John Glover, CIO of Ledn, predicts the bull market will end by late 2025 or early 2026, with BTC reaching $136,000-$140,000, though a short-term drop below $112,000 could test $100,000.

3. Institutional adoption is driving the market, with sustained inflows from pension funds and corporate treasuries, rather than retail-driven speculation.

4. US BTC spot ETFs saw $131 million in outflows, breaking a 12-day streak, while ETH ETFs recorded 12 straight days of inflows, totaling $296.59 million on July 21.

5. Western Union is exploring stablecoin integration for global remittances, and BitGo filed confidentially for a US public listing.