Bitcoin Plummets Below $64,000 Amid Weak Stablecoin Inflows and Risk-Off Sentiment

The cryptocurrency market experienced a decline on Saturday, July 25, as Bitcoin dropped below $64,000. The world's largest cryptocurrency lost over 2% of its value in the past 24 hours, with Ethereum and major altcoins also recording losses.

According to analysts, weak stablecoin inflows contributed to the decline, indicating reduced buying activity in the crypto market. Risk-off sentiment, fueled by global economic uncertainty and expectations around central bank policies, also played a role in the selloff.

The decline was widespread, with Ethereum trading at around $1,856 and top altcoins like BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid, and Cardano experiencing losses of up to 3%.