By With a drop of 4.6% over the last 24 hours, the cryptocurrency market capitalization has dipped below the recently conquered $4 trillion, now standing at $3.99 trillion. Overall, the market is down today, with the large majority of the top 100 coins per market capitalization decreasing. At the same time, the total crypto trading volume is at $269 billion, still maintaining similar levels to those seen over the past week.
Crypto Winners & Losers
Over the past 24 hours, at the time of writing, only one of the top 10 coins per market cap is green.
Bitcoin (BTC) fell by 1.2% in this period to the price of $117,854. While it decreased below $118,000, it’s holding firmly above $117,500.\
Also, Ethereum (ETH) fell by 2.7%, currently trading at $3,692. The price is still on track towards the $4,000 mark.
The highest drop is 3.2% by Dogecoin (DOGE). It’s now trading at $0.2647.
The only green coin on this list is Solana (SOL). It appreciated 5.1%, currently changing hands at $198.97.
In the top 100 coins category, Kaspa (KAS) is the highest gainer. It’s up 9.8% to the price of $0.1153.
Jupiter (JUP) follows with an increase of 8.6%, now trading at $0.6531.
Most coins, however, recorded price decreases today. Pump.fun (PUMP) saw a double-digit drop of 13.1% to $0.003751.
SPX6900 (SPX) follows, with a 6.7% fall to the price of $1.84.
The capital flowing out of Bitcoin ETFs, as discussed below, could suggest lowered institutional appetite, though likely a short-term one. This appetite is likely dampened by concerns around global tariffs and trade tensions, particularly as the 1 August deadline approaches when the US may slap massive tariffs on its trade partners, push the deadline, or change its mind again.
Meanwhile, JPMorgan Chase is reportedly looking into lending against clients’ Bitcoin and Ethereum holdings starting next year. Lending against crypto would let users pledge their BTC and ETH holdings to borrow loans.
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