Why Is Crypto Down Today? BTC, XRP, SOL Wait for Catalyst
Key Notes
- The crypto market is wandering in the waiting room for a catalyst to go bullish.
- The selling pressure seems to have declined, but the investor sentiment remains low.
- There are expectations of rising inflation, which could delay the bull run.
The cryptocurrency market faced a sudden wave of selloffs as July started, ending the accumulation spree that came after June 22.
The global crypto market capitalization fell 0.15% in 24 hours to $3.29 trillion, according to CoinMarketCap data. Bitcoin
BTC
$107 656
24h volatility:
1.0%
Market cap:
$2.14 T
…
