The crypto market drop on July 15 may be due to several reasons:

- *The market is in a cooling phase*: The total market capitalization of crypto has decreased by 36 billion dollars in the last 24 hours, now standing at 3.71 trillion dollars. The drop comes after a strong rally, indicating that the market is showing signs of cooling down.

- *Selling pressure continues to increase*: If selling pressure continues to rise, the possibility of the market weakening further in the short term is entirely possible. The total capitalization could drop to 3.49 trillion dollars, erasing most of the recent gains.

- *MemeCore drops significantly*: MemeCore (M) has plummeted 29% in just 24 hours, currently trading at 0.41 dollars. This decline reflects the overall difficult situation in the market.

- *News about banks and regulations*: The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve (Fed) have allowed banks to hold crypto on behalf of customers, while emphasizing user protection. However, banks are not permitted to allow customers to hold their own access keys to the custody mechanism.

Other factors that may affect the crypto market include:

- *U.S. economic data*: Important economic data from the U.S. is about to be released, which could cause significant volatility in the crypto market.

- *Monetary policy*: The monetary policy of the Federal Reserve (Fed) may also impact the crypto market.

It should be noted that the crypto market is always volatile and influenced by various factors.