Crypto Market Plunges as Bitcoin ETF Inflows End

The cryptocurrency market saw a sharp downturn today, with the total crypto market cap shrinking by 1.18% in the past 24 hours.

Bitcoin's longest streak of spot ETF inflows in nine months came to an end, with $225.1 million in outflows reported on Thursday, July 23.

This reversal coincided with increased tensions between the US and Iran, as well as higher Brent crude prices, which added to a broader risk-off mood across markets.

Bitcoin was down 1.35%, while Ethereum fell by 1.85% over the same period.