📉 Crypto market news:

- On July 26, $3.9 billion worth of Bitcoin options expired on Deribit. This has set BTC's pain point at $63,000, which could add further pressure on the price.

- Ether (ETH) is also not encouraging: despite the launch of the first spot ETFs on July 23, the price fell by 4.5% over the week, trading below $3,250.

- Bitfinex analysts attribute this to the “news selling” effect surrounding the Ether ETF.