Why Is Crypto Down Today?
Market Overview:
80 of the top 100 coins declined in the last 24 hours.
Total crypto market cap dropped2.3% to $3.4 trillion.
Trading volume fell to$85.7 billion.
Key Reasons:
Market entering a"summer lull"with rising bearish sentiment.
Investors awaitUS macroeconomic data.
Bitcoin ETFsbroke a 15-day positive flow streak.
Market is showing strongerresilience to disruptions(e.g. Bybit hack).
📈Top Coins Today
Bitcoin (BTC): Flat at$106,881
Ethereum (ETH): Down0.5% to $2,445
Tron (TRX): Only gainer in top 10, up0.9% to $0.2812
XRP: Biggest drop among majors, down1.3% to $2.19
🏆Winners & Losers
Biggest Gainer:Pudgy Penguins (PENGU)up11.7%
Biggest Losers:
Algorand (ALGO)down6.2%
Tokenize Xchange (TKX)down5%
🔍Notable Developments
Pudgy Partymobile game (by Mythical Games) is launching soon.
Canary PENGU ETFis in process of approval by CBOE.
European Central Bankapproved a 2-track system for DLT payments.
📊Investor Sentiment & Activity
Fear & Greed Indexfell below neutral — investors are cautious.
Profit-takingon BTC hit$2.46Bon Monday.
Stablecoinsare attracting retail investors during the lull.
Ethereum Foundationmoved$32M ETH, drawing community scrutiny.
🏦ETF Flow Update
BTC ETFs: Netoutflows, led by Fidelity (-$172.7M) and Grayscale (-$119.5M)
ETH ETFs: Mixed flows — BlackRock (+$54.8M), Grayscale (+$9.9M), Fidelity (-$24.1M)
📉Market Sentiment
Bitcoin support levels: $105,431 and $104,338
Potential BTC rebound levels: $107,832 and $108,979
Ethereum range: $2,395 – $2,465
