The crypto market is down today, with 92 of the top 100 coins per market in the red. The cryptocurrency market capitalization has dropped by another 4.8% over the past 24 hours to $3.95 trillion. At the same time, the total crypto trading volume is at $146 billion.
Crypto market cap stands below $4 trillion;
92 of the top 100 coins are down, as are 8 out of the top 10 coins;
BTC trades at $118,159 and ETH at $3,817;
US ETH spot ETFs hit the 18th day of inflows, nearing a record;
US BTC spot ETFs recorded positive flows of $79.98 million;
’The FOMC is widely expected to hold rates steady’;
’Investors are now turning their attention to the increased utility of altcoins’;
’This is a marathon, not a sprint, and marathons take endurance and resilience to last the course.’
Crypto Winners & Losers
Over the past 24 hours, only two of the top 10 coins per market capitalization have seen their prices rise.
Bitcoin (BTC) decreased by 0.7% in a day, now trading at $118,159. This is the second smallest drop on this list today, behind XRP’s 0.5%. The latter now trades at $3.14.
At the same time, Ethereum (ETH) is one of the two green coins. However, having increased by just 0.2%, it’s practically unchanged, standing at $3,817.
Binance Coin (BNB) fell the most. It’s down 3.5% to the price of $802.
Tron (TRX) is the only other coin in the category that increased today: 2.2% to $0.3359.
As for the top 100 coins, XDC Network (XDC) is the day’s best performer. It appreciated 9.4% to $0.09895.
The other seven green coins are up between 0.2% and 4%.
The highest decrease in this category is 11.2% by Bonk (BONK), the only double-digit drop. It’s currently changing hands at $0.00002871.
Notably, the US Federal Reserve is scheduled for a meeting today, and all eyes are on their rates decision and possible economic softening, following increased inflation levels. That said, most analysts don’t anticipate a change.
Meanwhile, digital banking giant Revolut is reportedly looking to buy a US bank in order to speed up its entry into the American market. The company is considering acquiring a nationally chartered bank that already holds a licence,
‘This Is a Marathon, Not a Sprint’
Matthew McPhee, CFO of Xapo Bank, commented how Bitcoin recently surpassed several all-time highs, while showing reduced volatility.
The move was aided by a wave of institutional inflows and increased regulatory clarity, McPhee says, and it’s a strong indicator of BTC’s growing maturity as a financial asset.
“What was once viewed as a speculative investment is being increasingly regarded as a credible hedge against inflation,” he writes. “As individuals and institutions alike look for alternatives to traditional financial instruments, Bitcoin continues to prove its value not through short-term price moves, but through the resilience of its underlying principles.”
Meanwhile, Ignacio Palomera, CEO of Web3 professional networking platform Bondex, argued that Bitcoin “remains the undisputed king of crypto in terms of market cap,” but that interest in and the value of altcoins such as Ethereum, Solana, and XRP have been increasing at a faster rate recently.
Bitcoin, Palomera says, has already proven itself as a store of value. Investors are now turning their attention to the increased utility of altcoins. These have “rich use cases” in DeFi, tokenization, AI, payments, identity, gaming, and other sectors.
“While Bitcoin proved the concept of blockchain, altcoins are bringing the value and everyday usability to it,” he says.
“What’s most important for anyone in our industry to always remember is: this is a marathon, not a sprint, and marathons take endurance and resilience to last the course.”
Levels & Events to Watch Next
At the time of writing on Wednesday morning, BTC trades at $118,159. It began the past day with $119,026, recording a plunge to $117,170, then rising slightly and trading sideways until now.
The price is currently attempting to hold this level and not drop to the lower end of $117,000. A further drop below this level is also possible. A break and hold above $119,000 would indicate a potential for the return to $120,000 and above in the short term.
Bitcoin Price Chart. Source: TradingView
Also, Ethereum is currently trading at $3,817. Similarly to BTC, ETH started the day at $3,877. It saw a sharp drop to $3,730, after which it increased to the current level.
ETH has been recording gains more consistently than BTC over the past month and continues to do so today. Its price is still fighting to surpass the $4,000 mark. At this point, climbing back to the $3,930 level would open doors for further increases.
Notably, the Ethereum mainnet is turning 10 today, and community members all over the world are celebrating.
Meanwhile, the crypto market sentiment is unchanged compared to yesterday. The crypto fear and greed index still stands at 63 today.
This is at the edge of the greed territory, nearing neutral, indicating both optimism and caution, as investors await further signals.
Source: CoinMarketCap
Furthermore, on Tuesday, the US BTC spot exchange-traded funds (ETFs) recorded inflows of $79.98 million. The cumulative net inflow stands at $55.06 billion as of 29 July.
BlackRock accounts for the large majority of Tuesday’s inflows, with $157.55 million. VanEck also took in $5.82 million. However, three funds noted outflows.
At the same time, the US ETH ETFs recorded the 18th consecutive day of positive flows, nearing a streak record. The inflows stood at $218.64 million on Tuesday, up from $65.14 million seen on Monday. The cumulative net inflow is now $9.62 billion, approaching the $10 billion mark.
BlackRock is the only fund with positive flows, recording $223.73 million. 21Shares saw outflows of $5.09 million.
As mentioned above, investors are focused on today’s Federal Reserve interest rate decision. They’re also keeping an eye on major earnings and economic news coming from the US, specifically trade and tariff deals, additional tech companies’ earnings, Q2 GDP data, and the July jobs.
Katalin Tischhauser, Head of Research at Sygnum Bank, commented that “at its meeting on Wednesday, the FOMC is widely expected to hold rates steady, with the near‑zero probability of a cut reflecting the lack of clarity of the impact of tariffs on inflation.”
She continues: “Looking ahead, expectations for a September cut have started to cool – following a familiar pattern we’ve seen in recent FOMC cycles, where initially high odds of easing steadily decline in the months leading up to the decision. Current probabilities sit closer to 50%–60%, reflecting persistent uncertainty around the inflation path.”
Meanwhile, Michael Saylor’s Strategy (formerly MicroStrategy) has officially closed the largest US IPO of 2025. It raised $2.521 billion through the public sale of its newly launched Stretch Preferred Stock (STRC) and acquired 21,021 BTC.
Speaking of IPOs, crypto exchange Kraken is reportedly planning to secure $500 million in a funding round at a $15 billion valuation.
Moreover, the US Securities and Exchange Commission (SEC) allowed crypto ETFs to use in-kind creations and redemptions, meaning they can receive the underlying cryptocurrency directly instead of cash.
Quick FAQ
Why did crypto move with stocks today?
The crypto market decreased over the last 24 hours, and the stock market closed lower on Tuesday. The S&P 500 was down by 0.3%, the Nasdaq-100 decreased by 0.21%, and the Dow Jones Industrial Average fell by 0.46%. The stock market is awaiting a flurry of news related to trade deals, tech company earnings reports, and several key economic data and decisions. The stock market is resting from a rally that saw major indexes hitting ATHs over the past few weeks. The markets are now awaiting further economic and earnings reports and decisions.
Is this dip sustainable?
This is still likely a typical market pullback. Many analysts expect the prices to continue to rise for the remainder of this year. However, incoming news from the US is likely to have an additional effect on the crypto prices.
The post Why Is Crypto Down Today? – July 30, 2025 appeared first on Cryptonews.
