Why Is Crypto Down Today? – July 29, 2025

29 Jul Crypto News

In a complete reversal from yesterday, the crypto market is down today, with 98 of the top 100 coins per market turning red. The cryptocurrency market capitalization has dropped by another 5.5% over the past 24 hours and below $4 trillion, now standing at $3.97 trillion. At the same time, the total crypto trading volume is at $172 billion.

TLDR:

Crypto market cap dropped below $4 trillion;

98 of the top 100 coins are down, as are 9 out of the top 10 coins;

BTC trades at $118,808 and ETH at $3,807;

BTC is expected to be more volatile over the next 90 days;

Chances of ETH hitting $4,500 by 29 August surged to 45%;

XRP is regaining momentum;

US ETH spot ETFs hit the 17th inflow day in a row with $65.14 million;

US BTC spot ETFs recorded…

Source link

Why Is Crypto Down Today? – July 29, 2025