Over the past 24 hours, the cryptocurrency market capitalization has dropped by another 5.1%, moving further away from the recently reached $4 trillion, now standing at $3.84 trillion. Overall, the market is down today. The majority of the top 100 coins per market capitalization are still red since yesterday. At the same time, the total crypto trading volume is at $225 billion. It has maintained similar levels for several days now. TLDR: Crypto market cap has distanced further from the recently hit $4 trillion; More coins among the top 100 are green today compared to yesterday, but the majority are still red; BTC is down to $115,282, and ETH is up to $3,621; Market sentiment continues decreasing, indicating rising caution; US ETH spot ETFs continued the inflow streak with the 15th day in a row; US BTC spot ETFs resumed positive flows; ’The current period of sideways movement in BTC has weakened investor enthusiasm and triggered profit-taking’; The correction seems to be a healthy pause within a larger upward trend; Metrics suggest early stages of capital rotation into altcoins. Crypto Winners & Losers Unlike yesterday, when all top 10 coins per market capitalization were red, five are green today and three are red (not counting the two stablecoins). Bitcoin (BTC) decreased by 2% in a day, now trading at $115,282. At the same time, Ethereum (ETH) is up by 1.9% over the same period. It’s now trading at $3,621. Tron (TRX) increased the most: 3.6% to the price of $0.3148. On the other hand, Solana (SOL) fell the most: 2.8%, currently changing hands at $177.57. In the top 100 coins category, around 25 coins are green, which is a notable increase from yesterday’s four. Two of these recorded double-digit increases. Ethena (ENA) is up 14.8% to $0.4933, while Curve DAO (CRV) appreciated 11.3% to $1.02. Notably, the decreases are not very high. The highest of these is Mantle (MNT)’s 3.5%, now standing at $0.7354. Jupiter (JUP) follows with a 2.9% drop to $0.5243. Also, over 24 hours, over $721 million in leveraged crypto bets were liquidated, with Ethereum, Bitcoin, and XRP at the top. Investor attention was also focused on Galaxy Digital , as it transferred a whopping 17,123 BTC to multiple centralised exchanges over 12 hours. Note that #GalaxyDigital has deposited over 10,000 $BTC ($1.18B) to exchanges in the past 8 hours! The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC ($9.68B). https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg — Lookonchain (@lookonchain) July 25, 2025 Meanwhile, Strategy , the company with the largest Bitcoin treasury, has reportedly expanded its STRC preferred stock offering to $2 billion . This is the result of surging investor interest in gaining exposure to BTC through traditional vehicles. BREAKING: Michael Saylor's STRATEGY plans to raise $2B for Bitcoin purchases, upsizing from $500M. pic.twitter.com/E5q9UggoCq — Bitcoin Archive (@BTC_Archive) July 24, 2025 Moreover, Christie’s International Real Estate has launched a dedicated crypto division comprising lawyers, analysts, and crypto experts. “The trend was obvious – crypto is here to stay. It’s only going to get bigger over the next few years,” Christie’s CEO Aaron Kirman said. ‘Pullback May Be a Temporary Correction Rather Than a Reversal’ Ruslan Lienkha, chief of markets at EU-based Web3 platform YouHodler , commented that Bitcoin’s “prolonged consolidation phase has led to a broader market correction across major altcoins.” Following several weeks of bullish momentum, significant gains, and all-time highs, “the current period of sideways movement in BTC has weakened investor enthusiasm and triggered profit-taking across the cryptocurrency sector.” “However, from a technical analysis standpoint, the overall market structure remains bullish, suggesting the recent pullback may be more of a temporary correction than a reversal.” That said, despite short-term price weakness, the medium-term outlook for the crypto market remains constructive, and broader financial markets still show optimism, Lienkha writes. “Investor appetite for risk assets remains strong, driven by a favorable macroeconomic environment, low recession risks, and ongoing capital flows into equities and digital assets,” he says. Source: Ledn Therefore, the current correction seems to be a healthy pause within a larger upward trend. Unless a major shock occurs, BTC and major altcoins are likely to resume their upward momentum over the coming weeks. “The technical picture, including higher lows on longer timeframes and strong on-chain fundamentals, continues to support the bull market thesis.” But Lienkha warns that the long-term outlook is becoming more uncertain. Factors include inflation, escalating trade tensions, and new tariff measures – all related to the US. Gadi Chait, Head of Investment at Xapo Bank , adds that the crypto market momentum has cooled following last week’s positive regulation news. However, “the fundamentals of ETF flows, institutional accumulation, and capital flight to a new decentralized home remain.” Bitcoin’s market share (~60%) has seen “only modest fluctuations despite the growth of alternative cryptocurrencies.” This is a minor decrease from previous highs, suggesting the early stages of capital rotation into altcoins. This is a typical pattern during bull market phases. Moreover, the total market capitalization surpassing $4 trillion “reflects not just speculative interest but a fundamental shift in how value is stored, transferred, and programmed in the digital age.” Chait continues: “As the market evolves, the interplay between Bitcoin’s stability as ‘digital gold’ and Ethereum’s utility as a platform for innovation continues to shape institutional investment strategies. While altcoin seasons may offer opportunities for enhanced returns, Bitcoin’s dominance and established position suggest it will remain the anchor of institutional crypto portfolios for the foreseeable future.” You may also like: One Year of US Spot Ethereum ETFs – How Far Have They Come and What’s Next? Key Takeaways:Elon Musk said defunct short video service Vine will be coming back, this time, in an artificial intelligence format.The app was very popular in the 2010s, but struggled commercially.Analysts say Vine could evolve into a platform for crypto-native social capital if it adds real-time trend tagging and similar features, but regaining users won't be easy.Elon Musk announced on Thursday that the popular short video service Vine will be coming back, this time in an... Levels & Events to Watch Next At the time of writing, BTC trades at $115,282. It began the day with the intraday high of $119,415, but then dropped to the intraday low of $115,259. By the time of writing, it hadn’t recovered much. Investors are now looking to see if the price will further dip below $115,000. Alternatively, as the bull market continues, the price may also recover above $118,000 over the next couple of days. Bitcoin Price Chart. Source: TradingView Moreover, Ethereum is currently trading at $3,621. It increased from the low of $3,530 to $3,754, before pulling back to the current level. ETH has seen notable and consistent increases over the past couple of weeks. It now seems to be working to reclaim the $3,750 level. Should this happen, it could continue rising to $3,850. Furthermore, the crypto market sentiment has dropped today again, now standing at the border of the natural territory, but still in greed. It stands at 66 today , compared to 67 yesterday. The sentiment remains overall positive, but it’s moving towards increased caution. Meanwhile, the US BTC spot exchange-traded funds (ETFs) cut the red streak with inflows of $226.61 million on 24 July. Six funds saw positive flows, and none saw outflows. Fidelity is at the top with $106.58 million. This is followed by VanEck’s $46.36 million. Untypically for BlackRock , it took third place on Thursday with $32.49 million. At the same time, US ETH ETFs continued the green streak with 15 consecutive days of positive flows, possibly moving towards a record. The Thursday inflows amounted to $231.23 million . Four funds recorded positive flows, with Fidelity leading this list again, taking in $210.06 million. On the other hand, $18.54 million flowed out of Grayscale. Per Ledn’s Lienkha, economists expect the impact of the US tariffs “to be delayed, likely showing up in the data in the coming months. When they do, they could further fuel inflation and introduce renewed volatility into both traditional and crypto markets.” “Investors should also be aware that rising inflation and trade friction could prompt central banks to reassess their current policy stance,” Lienkha warns. “Any hawkish signals from the Federal Reserve , such as delaying rate cuts or keeping rates higher for longer, may put pressure on risk assets, including cryptocurrencies.” Meanwhile, digital asset platform OSL Group has raised $300 million through an equity financing round. This is the largest publicly disclosed capital raise in Asia’s crypto space. “The funding will accelerate our global build-out – particularly in regulated stablecoin infrastructure and compliant payment rails,” said Ivan Wong, CFO of OSL Group. OSL Group (HKEX: 863) has successfully completed a US$300 million equity raise — the largest public equity financing in Asia’s digital asset sector to date. According to OSL CFO Ivan Wong, this milestone reflects strong investor confidence in OSL’s strategy and will further… pic.twitter.com/IEugUVoIc6 — OSL (@osldotcom) July 25, 2025 Quick FAQ Why did crypto move against stocks today? The crypto market decreased over the last 24 hours, while the stock market indexes closed mixed on Thursday. The S&P 500 is up by 0.7%, the Nasdaq-100 increased by 0.25%, and the Dow Jones Industrial Average fell by 0.7%. This was the result of the ongoing tariff deal saga in the US, as well as major tech companies publishing quarterly results. Is this dip sustainable? This dip still appears to be typical, and there is more room for another leg up. However, several major macro elements coming from the US could be impacting the markets soon – specifically tariffs, inflation, and a hawkish Fed stance – and these may pull the prices down, leading to a larger correction. You may also like: (LIVE) Crypto News Today: Latest Updates for July 25, 2025 The crypto market is flashing bearish signals today amid a sharp sell-off. Overall, the market has dropped 6.9%, with Bitcoin sliding to $115.5K, a notable pullback from its all-time high of $123K recorded on July 14. Ethereum has broken below the key $3,600 support level, while XRP is hovering just above $3, down nearly 4% in the past 24 hours.But what else is happening in crypto news today? Follow our up-to-date live coverage... The post Why Is Crypto Down Today? – July 25, 2025 appeared first on Cryptonews .