As of 4.30 p.m ET on July 31, Bitcoin (CRYPTO:BTC) fell 2.9% to $62,929.27, Ethereum (CRYPTO:ETH) fell 2.8% to $1,866.57, and Solana (CRYPTO:SOL) fell 2.0% to $73.04. All three major coins were broadly lower on easing risk appetite.

What’s driving crypto markets

Bitcoin slipped below $63,000 today as a mix of factors weighed on the crypto market. These included news that three Federal Reserve board members voted to raise interest rates at Wednesday’s meeting, disappointing results from Coinbase Global (NASDAQ:COIN), and doubts that lawmakers would pass much-anticipated crypto legislation — the Clarity Act — this summer.

Crypto ETF snapshot

Spot Bitcoin ETFs saw positive flows…