Crypto Market Today, July 31: Bitcoin Slides Below $63,000 and Coinbase Tumbles 10% | The Motley Fool
As of 4. 30 p. m ET on July 31,Bitcoin(BTC-2. 64%)fell 2. 9% to $62,929. 27,Ethereum(ETH-3. 02%)fell 2. 8% to $1,866. 57, andSolana(SOL-2. 00%)fell 2. 0% to $73. 04. All three major coins were broadly lower on easing. . .
As of 4. 30 p. m ET on July 31,Bitcoin(BTC-2. 64%)fell 2. 9% to $62,929. 27,Ethereum(ETH-3. 02%)fell 2. 8% to $1,866. 57, andSolana(SOL-2. 00%)fell 2. 0% to $73. 04. All three major coins were broadly lower on easing risk appetite. Today's Change(-2. 64%) $-1,704. 52Current Price$62,980. 00What's driving crypto marketsBitcoin slipped below $63,000 today as a mix of factors weighed on the crypto market. These included news that three Federal Reserve board members voted to raise interest rates at Wednesday’s meeting, disappointing results fromCoinbase Global(COIN-10. 59%), and doubts that lawmakers would pass much-anticipated crypto legislation — the Clarity Act — this summer. Crypto ETF snapshotSpot Bitcoin ETFssaw positive flows yesterday, with $233 million in inflows despite risk-off sentiment pressuring prices. TheiShares Bitcoin Trust ETFremains dominant, increasing its assets under management by $183 million yesterday. Indeed,Banco Santander(SAN-0. 07%)disclosed yesterday that it held $4. 31 million in shares in the popular Bitcoin ETF as well as around $3. 54 million in theiShares Ethereum Trust ETF(ETHA-3. 03%). What this means for investorsCryptocurrencyprices slid this week, pressured by increasing geopolitical tensions, interest rate speculation, and a narrowing window for the Senate to pass the Clarity Act. Coinbase’s earnings miss didn’t help: The stock tumbled over 10% following disappointing results, which were largely due to low crypto trading revenues. However, to put crypto’s struggles in context, equities have also had a rough few weeks — indeed, Bitcoin gained 4. 3% in July while theNasdaq Composite(^IXIC+1. 00%)fell by 3. 2%. Broader progress, such asMorgan Stanley(NYSE:MS) launching new crypto ETFs this week, has helped crypto pull away from a disastrous June. Stablecoinsandagentic AIpayments could present solid use cases for blockchain, and those are the trends for long-term investors to watch. Top 10 crypto performance#NamePrice24h7d1Bitcoin (BTC)$62,948. 00-2. 8%-2. 0%2Ethereum (ETH)$1,867. 24-2. 8%+0. 3%3Tether (USDT)$0. 9989-0. 0%-0. 0%4BNB (BNB)$587. 96-0. 7%+4. 1%5USDC (USDC)$0. 9998+0. 0%-0. 0%6XRP (XRP)$1. 06-2. 2%-2. 2%7Solana (SOL)$73. 05-2. 0%-1. 2%8TRON (TRX)$0. 3260-0. 9%-1. 8%9Figure Heloc (FIGR_HELOC)$1. 03+2. 6%-0. 2%10Hyperliquid (HYPE)$51. 98-5. 8%-10. 5%Ranked by market cap. Data: CoinGecko, as of July 31, 2026 20:16 UTC. Emma Newberyhas positions in BNB, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Hyperliquid, Solana, XRP, and iShares Bitcoin Trust. The Motley Fool recommends BNB, Coinbase Global, and TRON. The Motley Fool has adisclosure policy.