Crypto Market Brief July 25
Highlights
- The crypto market faces bearish pressure into the weekend as buying pressure eases.
- Solana tops losses among the top ten coins while DEXE has recovered from its all-time lows with a 90% jump.
- Robinhood's talks with Crypto.Com and TRUMP Coin's $17M transfer are the biggest news in the market today.
The crypto market slipped lower into the weekend, with Bitcoin (BTC) moving below $64,000 while Ethereum (ETH) held $1,800 amid easing buy-side pressure.
Top Movers
- DeXe (DEXE) is up by 90% today, July 25, to trade at $88 at the time of writing, making it the biggest gainer in the crypto market.
- The gain follows a massive crash on July 21 where DEXE moved from $41 to $2 amid a $6M transfer by project wallets.
DEXE Price Chart (Source: TradingView) - Solana (SOL) is the biggest loser among the top-ten crypto market coins with a 2.2% drop to trade at $73.47.
- Solana’s drop reflects the bearish outlook on Bitcoin and tech stocks amid AI spending fears.
- ZCash (ZEC) is also down by 5.5% to trade at $478 as selling pressure intensified after the price dropped below the psychological support of $500.
Biggest News of the Day
- Robinhood is in talks with Crypto Com to expand its footprint in the prediction market, per a report by the Wall Street Journal
- HOOD stock dropped by 6.57% on July 24 despite the partnership news to close trading at $94.
HOOD Price Chart (Source: TradingView) - The drop follows a recent hack on the X account of Robinhood’s CEO, Vlad Tenev, to promote a fake meme coin.
- The team behind the TRUMP meme coin has moved $17M TRUMP coins ahead of a potential vote for CLARITY Act before the Senate breaks for recess in August
- TRUMP meme coin is down 2.62% on the news to trade at $1.55 at the time of writing.
Crypto Market Data
- Total Market Cap: $2.19 trillion (-1.19%)
- 24-Hour Volumes: $55.11 billion
- Bitcoin: $64,013 (-1.49%)
- Ethereum: $1,857 (-1.26%)
- XRP: $1.09 (-1.32%)
- Bitcoin Dominance: 58.7%
- Ethereum Dominance: 10.3%
- Altcoin Season Index: 53/100
- 24-Hour Liquidations: $243 million ($214 million in long liquidations & $29 million in short liquidations)
- Fear and Greed Index: 27 (Fear)
What to Watch in the Crypto Market Today
- The US-Iran war is the main macro factor to watch in the crypto market on July 24.
- Iran has rejected ceasefire talks and is reportedly ready for the “massive attacks” announced by President Trump.
- Historical patterns suggest that the conflict usually escalates on the weekend. An escalation could push Bitcoin and altcoin prices lower.
Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 24.
Frequently Asked Questions (FAQs)
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