Islamabad, July 24, 2025: The crypto market is facing a sudden drop today, and people are asking why crypto market is down today. Prices are falling for many top coins, and there are a few reasons behind this change.
Bitcoin is still doing okay as it is priced at $118,514 now going up just a little by 0.11% in 24 hours and 0.35% in the past week. Ethereum is not doing as well as it is price at $3,644 and went down by 2.23% today. XRP took a big hit and dropped 8.53%. Solana also dropped over 5% and is now at $190.03. Other coins like DOGE, ADA, and XLM also fell more than 7% in the last 24 hours.
So, why crypto market is down today?
The total crypto market cap is now $3.88 trillion. It dropped 1.4% in just one day and one major reason is the fall in crypto derivatives. Around $634 billion worth of futures and options got wiped out in one day. That’s a huge 11% drop in the derivatives space.
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Bitcoin’s dominance also fell. In the last 30 days, its market share went down by 5.4% now stabling around 60.88%. This drop means less money is going into other coins, which hurts altcoins.
Even with small gains here and there, the market is still cooling down. The Altcoin Season Index is at 43 out of 100. For it to be called a real altcoin season, the number must go above 75, so we are not there yet.
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But this doesn’t mean a big crash is coming. The crypto market often goes up and down like this. After many weeks of rising prices, small dips like today are normal. It might even be a good time for long-term investors to look again.
In short, why crypto market is down today? The answer is high liquidations, weak altcoin movement, and less Bitcoin control. But it is not something to panic about, just a usual cool-down.
