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Why Is Crypto Down Today? – July 24, 2025

2025-07-24 11:33:34

Why Is Crypto Down Today? – July 24, 2025

Main Idea

The cryptocurrency market experienced a decline, with Ethereum outperforming Bitcoin, while institutional interest and regulatory developments continue to shape the industry.

Key Points

1. The cryptocurrency market capitalization dropped by 5.6% in 24 hours, falling below $4 trillion, with most top 100 coins declining.

2. Bitcoin (BTC) decreased by 0.2% to $118,256, while Ethereum (ETH) fell by 2.6% to $3,574, with some altcoins seeing double-digit drops.

3. US ETH spot ETFs continued inflows, while US BTC spot ETFs saw outflows, reflecting shifting investor preferences.

4. Industry leaders highlight the growing interconnection between Bitcoin and Ethereum, driven by regulatory clarity and institutional adoption.

5. Analysts suggest the market dip is typical, with potential for recovery, while new blockchain applications and regulatory developments continue to emerge.

Description

Over the past 24 hours, the cryptocurrency market capitalization has dropped by another 5.6%, dipping below $4 trillion, now standing at $3.91 trillion. The market is down today, with the large majority of the top 100 coins per market capitalization turning red. At the same time, the total crypto trading volume is at $264 billion. TLDR: Crypto market cap fell below $4 trillion; Large majority of top 100 coins have dropped in 24 hours; BTC and ETH are both down, trading at $118,256 and $3,574; Ma...

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