Why is Crypto Down Today? Here’s What Happened
TLDR
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The crypto market lost $66 billion in value, dropping to $3.83 trillion.
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Bitcoin is rangebound around $118,335, with support at $117,261 and resistance at $120,000.
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Altcoins like Cardano, XRP, and Dogecoin saw larger declines, some over 6%.
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Regulatory delays by the U.S. SEC on altcoin ETFs triggered further sell-offs.
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Traders are rotating capital from altcoins to Bitcoin amid uncertainty.
The crypto market fell sharply on July 29, 2025, losing $66 billion in total market value over the past 24 hours. The total crypto market cap now stands at $3.83 trillion.
Bitcoin is trading at $118,335. It has stayed in a tight range between $117,261 and $120,000 for over two weeks.
If Bitcoin breaks…
