Following a period marked by remarkable gains and record-breaking highs, the cryptocurrency market is experiencing a downturn today. Most of the top 100 cryptocurrencies by market capitalization have recorded declines in the past 24 hours. Concurrently, the total market capitalization has plummeted by 6.7% to $3.74 trillion, even as the overall trading volume surged to $217 billion, nearly double compared to the previous day.
Key Highlights:
The cryptocurrency market is undergoing a pullback; 95 out of the top 100 coins have seen losses today; Bitcoin has fallen below $117,000, marking a drop to $116,999, while Ethereum has dipped below the $3,000 threshold, currently trading at $2,986; market sentiment remains in the greed zone; both Bitcoin and Ethereum spot ETFs in the US have witnessed inflows, with Ethereum performing particularly well; one expert noted there is still “plenty left” in Bitcoin’s momentum; and another highlighted that this is “confirmation that Bitcoin is here to stay.”
Crypto Winners & Losers
The current market pullback has significantly impacted all top 10 cryptocurrencies by market cap, all of which have declined since yesterday.
Bitcoin (BTC) has dropped 4.4%, settling at $116,999 after failing to maintain the $117,000 mark; this is the second-largest drop within this category.
Meanwhile, Ethereum (ETH) experienced a decrease of 1.4%, falling below the $3,000 level and currently trading at $2,986.
Dogecoin (DOGE) recorded the steepest decline among this group, falling 7.6% to a trading price of $0.1919.
On the other hand, Tron (TRX) showed the least reduction, down by just 1.2% to $0.2992.
Among the top 100 cryptocurrencies, only five are displaying positive gains. The biggest gainer of the day is Pump.fun (PUMP), which rose by 9.2% to $0.005976.
Bonk (BONK) follows with an increase of 8.3%, now valued at $0.00002974.
Conversely, Virtuals Protocol (VIRTUAL) faced the largest decline, off 9.3% to a value of $1.63, while XDC Network (XDC) saw an 8.9% drop, trading at $0.07409.
This drop is neither unexpected nor unusual; declines typically follow periods of market surges, particularly those that result in new all-time highs. Consequently, investors are not expressing panic.
In an intriguing turn of events, a long-dormant wallet tied to a “Satoshi-era whale” transferred an impressive 17,000 BTC to Galaxy Digital. This movement is part of a recent trend involving a whale that has held the coins since 2011.
[HOT] $8.68 BILLION worth of SATOSHI-ERA #Bitcoin on the move today!
Over the past 12 hours, a total of 8 wallets jointly moved 80,000 $BTC (~$8.68B) to new wallets after being dormant for 14.3 years.
Among these wallets, two received their $BTC in early April-2011 when the… https://t.co/7ipLEJr7Zv pic.twitter.com/28tPHV3nbG
— Spot On Chain (@spotonchain) July 4, 2025
Potential for Continued Growth
James Toledano, Chief Operating Officer at Unity Wallet, commented that “Bitcoin seems to be defying economic gravity,” suggesting its resilience stems from its fundamental design. In the face of geopolitical tensions, inflation, and financial instability, Bitcoin has remained stable, acting as a unique economic anomaly.
Toledano stressed the effective role of Bitcoin as a store of value, especially during turbulent times.
“In terms of juice in the Bitcoin tank, it feels like there’s still plenty left. While the latest sharp upward momentum isn’t destined to last indefinitely, it may persist for some time,” he advised.
He attributed much of the recent positive momentum to supportive measures from the US, including bipartisan backing, ETF inflows, growing institutional interest, and prospects of a Federal Reserve interest rate reduction.
Despite recent dips or consolidations around record highs, Toledano pointed out that persistent macroeconomic challenges — including rising debt, stubborn inflation, and geopolitical uncertainties — continue to undermine confidence in traditional finance. He believes the case for Bitcoin as a rare and appreciated asset has never been clearer.
Seamus Rocca, CEO of Xapo Bank, noted that BTC surged 14.65% over the past week, achieving a new all-time high, while over $2.7 billion was funneled into Bitcoin ETFs, marking the fifth-largest weekly inflow since their introduction in January 2024.
“This isn’t hype; it’s confirmation that Bitcoin is here to stay,” Rocca asserted.
He further remarked that BTC has overtaken Amazon to become the fifth-largest asset globally by market cap. Rocca noted the formation of what seems to be a structural six-figure bottom and signaled Bitcoin’s establishment as a leading entity alongside traditional finance giants. He stated, “With inflows like we’ve seen in the last week, Bitcoin is no longer on the fringe; it’s part of the global financial system, and the question now is what role it will play in shaping its future.”
Monitoring Key Levels & Upcoming Events
As of this writing, Bitcoin trades at $116,999, a significant decrease from $122,273 yesterday. The peak for the day reached $122,838 before the decline began, coincidentally marking the most recent all-time high.
Crypto analyst Katie Stockton, founder of Fairlead Strategies, posits that Bitcoin could reach $135,000 in the medium term, noting that this projection may seem less aggressive today than it did recently.
Ethereum is currently trading at $2,986, having peaked at $3,074 nearly 24 hours ago but has since slipped to a low of $2,942 before regaining some ground.
In market developments, Nasdaq-listed crypto infrastructure firm Bit Digital plans to raise $67.3 million through a direct offering of 22 million ordinary shares targeted at institutional investors, intending to utilize the funds to acquire Ethereum and enhance the firm’s ETH treasury.
The overall sentiment in the cryptocurrency market remains unchanged from yesterday, still situated in the greed territory; today, the Fear and Greed Index stands at 70, its highest reading in over a month.
This consistent greed may indicate that the market is overheated and approaching a correction.
According to CoinMarketCap, on July 14, US BTC spot ETFs enjoyed positive inflows for the eighth consecutive day, recording $297.4 million, though this is lower than the figures of $1.03 billion and $1.18 billion observed on the prior two trading days.
BlackRock received the lion’s share of these inflows at $394.71 million, while Grayscale, Bitwise, and VanEck experienced minimal inflows. Notably, Fidelity and ARK & 21Shares reported outflows.
US ETH ETFs also saw inflows on their seventh consecutive day, attracting $259.04 million on July 14, surpassing the $204 million seen the previous Friday.
Seven out of nine funds reported positive flows, with none experiencing outflows. BlackRock again led the inflow with $151.45 million, followed by Grayscale at $43.79 million.
On another front, Standard Chartered has launched spot trading services for Bitcoin and Ether through its UK branch, with group chief executive Bill Winters stating, “As client demand accelerates further, we want to offer clients a route to transact, trade, and manage digital asset risk safely and efficiently within regulatory requirements.”
Additionally, the national bank of Kazakhstan is considering reallocating part of its gold and foreign exchange reserves, along with National Fund assets, toward digital asset investments.
Kazakhstan plans to allocate part of its national reserves to crypto assets and set up a national crypto reserve for confiscated assets, while exploring state-owned enterprises’ involvement in mining. https://t.co/KsrtgpATUe
— Wu Blockchain (@WuBlockchain) July 14, 2025
Quick FAQ
Why did crypto move against stocks today?
The cryptocurrency market has faced a decline in the past 24 hours, while the US stock market ended Monday on a positive note. The S&P 500 rose by 0.14%, the Nasdaq-100 by 0.33%, and the Dow Jones Industrial Average increased by 0.2%. This upward trend in stocks can be attributed to investors digesting recent tariff threats in the US and awaiting upcoming earnings reports alongside economic data set for release this week.
Is this dip sustainable?
A dip following significant market surges and new all-time highs is both typical and expected. Analysts maintain that there is still potential for further growth as the year progresses.
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(LIVE) Crypto News Today: Latest Updates for July 15, 2025
The cryptocurrency market appears to be exhibiting bearish trends today, with the overall market cap down by 5%. Bitcoin has declined by nearly 2% in the last 24 hours, trading just below $117,000 after reaching a peak of $123,100 yesterday. Ethereum has also slipped below the $3,000 mark today.
For the latest events in the cryptocurrency world, keep following our real-time news coverage.
The post Why Is Crypto Down Today? – July 15, 2025 appeared first on Finance Newso.
