🔴Crypto 24hr Market Update

Over the past 24 hours, the cryptocurrency market has experienced significant volatility, with Bitcoin (BTC) briefly touching $123,218 before correcting to around $119,750, reflecting a 4.21% pullback amid profit-taking and leveraged liquidations, with a 24-hour trading volume surging 47.64% to $147.22 billion. Ethereum (ETH) maintained its upward momentum, trading at approximately $3,481, up 2.41%, driven by strong institutional interest in spot ETH ETFs. The total crypto market capitalization stands at $3.81 trillion, with altcoins like XRP gaining 6% to $2.94, while others faced long-leverage flushes following BTC’s lead. Institutional inflows into Bitcoin ETFs remain robust, with $297.4 million recorded on July 14, though short-term profit booking and geopolitical tensions, including Middle East concerns, have introduced risk-off sentiment, prompting traders to monitor key support levels around $115,800-$116,000 for BTC.