Last Updated: July 24, 2026
The broader crypto market is trading lower on July 24, 2026, with Bitcoin down 0.85% to $65,104.61 and most majors posting sharper declines — Ethereum, XRP, and Solana are all down more than 2%. The pullback reflects two compounding forces: a broader risk-off move across markets tied to rising oil prices and escalating US-Iran military tensions, and fading confidence in the CLARITY Act’s path through the Senate, with Polymarket’s implied 2026 passage odds falling to 38% from 46% a day earlier. One notable exception: Monero (XMR) is up 9.35% over the past week, a standout among majors moving against the broader trend.
Key Takeaways
- Bitcoin trades at $65,104.61 (-0.85% today, +3.58% this week); Ethereum at $1,883.57 (-2.29%, +2.98% weekly); XRP at $1.11 (-2.27%, +2.37% weekly).
- CLARITY Act 2026 passage odds fell to 38% on Polymarket, down from 46% a day earlier, after Senate Democrats criticized the latest draft’s ethics and consumer-protection language; Senate Majority Leader Thune said the bill will likely miss its pre-recess window.
- Rising oil prices tied to escalating US-Iran military tensions, plus climbing Treasury yields, are pressuring risk assets broadly today, not just crypto.
- Monero (XMR) is up 9.35% over the past week, the sharpest weekly gain among major assets, moving against the broader market’s pullback.
- Bitcoin ETFs have logged seven consecutive days of net inflows, a positive underlying signal even as today’s price action turns negative.
Market Overview
| Asset | Price | 1h | 24h | 7d | Market Cap |
|---|---|---|---|---|---|
| Bitcoin (BTC) | $65,104.61 | -0.48% | -0.85% | +3.58% | $1.3T |
| Ethereum (ETH) | $1,883.57 | -0.49% | -2.29% | +2.98% | $227.31B |
| Tether (USDT) | $0.9994 | -0.00% | +0.01% | +0.04% | $184.05B |
| BNB (BNB) | $567.30 | -0.29% | -0.56% | +0.56% | $75.54B |
| USDC (USDC) | $1.00 | +0.00% | +0.02% | +0.01% | $72.94B |
| XRP (XRP) | $1.11 | -0.27% | -2.27% | +2.37% | $69.34B |
| Solana (SOL) | $75.61 | -0.47% | -2.43% | +1.59% | $44.07B |
| TRON (TRX) | $0.3309 | -0.09% | +1.04% | +2.80% | $31.4B |
| Hyperliquid (HYPE) | $58.67 | -0.26% | -0.73% | -1.49% | $14.82B |
| Dogecoin (DOGE) | $0.06979 | -0.21% | -3.65% | -2.26% | $11.92B |
| Zcash (ZEC) | $508.34 | -0.42% | -1.69% | -3.81% | $8.53B |
| Monero (XMR) | $356.87 | -0.60% | +0.38% | +9.35% | $6.7B |
What’s Driving the Market Today
CLARITY Act odds deteriorate further. Senate Democrats criticized the latest draft’s ethics and consumer-protection provisions as insufficient, and Senate Majority Leader John Thune acknowledged the bill will likely miss its pre-recess deadline. Prediction markets responded by cutting implied 2026 passage odds to 38%, down from 46% the day before — a meaningful reversal from the optimism that drove gains earlier in the week.
Macro headwinds intensify. Oil prices have surged toward $88.60 a barrel amid escalating US military action linked to Iran, while Treasury yields have climbed and the Nasdaq fell over 2% this week. This combination has pressured risk assets broadly, with crypto moving in step with equities rather than decoupling.
Monero bucks the trend. XMR’s 9.35% weekly gain stands out against the broader pullback, continuing a stretch of relative strength for the privacy coin even as its peer Zcash trades lower ahead of its Ironwood upgrade.
Bitcoin ETF inflows remain resilient. Seven consecutive days of net inflows suggest institutional demand hasn’t broken down despite the day’s negative price action and darkening regulatory outlook — a divergence worth watching in the days ahead.
What This Means for the Days Ahead
The CLARITY Act’s path remains the dominant story, but expectations have shifted from “likely to pass before recess” toward “may only start the floor process before the break.” Watch for any scheduling signals from Thune’s office, along with the White House’s continued push to keep momentum alive into August. Separately, Zcash’s Ironwood upgrade activates in four days on July 28, and continued Bitcoin ETF inflow data will be an important test of whether institutional demand can offset the current bout of macro and regulatory uncertainty. For asset-specific coverage, see Bitcoin News Today, Ethereum News Today, XRP News Today, and Zcash News Today.
Compare Crypto Prices Today
Where to Buy Crypto
Crypto can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit.
This article is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.
Frequently Asked Questions
Is the crypto market up or down today?
Down. Bitcoin is off 0.85%, while Ethereum, XRP, and Solana are all down more than 2%, tracking a broader risk-off move tied to rising oil prices, climbing Treasury yields, and fading CLARITY Act optimism. Most majors remain up for the week despite today’s decline, though the gap has narrowed considerably.
Why are CLARITY Act odds falling?
Senate Democrats criticized the latest draft’s ethics and consumer-protection provisions as insufficient, and Senate Majority Leader John Thune acknowledged the bill will likely miss its pre-recess deadline. Polymarket’s implied 2026 passage odds fell to 38% as a result, down from 46% just a day earlier, reversing much of this month’s earlier optimism.
Why is Monero up this week while most of the market is down?
XMR is up 9.35% over the past week, moving against the broader pullback for reasons that appear specific to the asset rather than tied to the macro and regulatory pressure affecting most other majors right now. This divergence is worth watching, though no single clear catalyst has been identified so far.
What should traders watch this week?
Whether Senate Majority Leader Thune schedules any CLARITY Act floor action before the recess even without full passage, Zcash’s Ironwood upgrade activating July 28, and whether Bitcoin ETF inflows extend their current seven-day streak despite today’s broader price pullback across major assets. This detail matters most for anyone actively tracking today’s market movements.
