The crypto market dropped sharply on July 25, with total capitalization dropping more than 3.5% to about $2.31 trillion. 📉

- The "risk-off" mentality drags the market down, similar to the weakness of US stocks.

- S&P 500 and Nasdaq hit multi-week lows, S&P 500 fell 2%.

- USD index decreased 0.3%, unemployment benefit claims increased to 235,000.

The newly launched Ethereum ETF in the US recorded an outflow of $133.3 million, while the Grayscale Ethereum Trust lost $326.9 million.

- 7/8 ETH ETFs recorded inflows, led by Fidelity and Bitwise.

- Bitcoin ETF had inflows of $44.5 million on 24/7.

Long order liquidation reached $301.17 million, mainly from ETH and BTC.

What do you think about this situation? Share your opinion! 💬#Crypto#Bitcoin#Ethereum#CryptoMarket