Crypto Market Today: Bitcoin Falls Below $64K as DEXE Surges 90%, Solana Slides

The cryptocurrency market traded lower heading into the weekend as Bitcoin (BTC) slipped below the $64,000 mark and Ethereum (ETH) held above $1,800 amid weakening buying momentum. Investors also remained cautious as geopolitical tensions and broader market uncertainty weighed on risk assets.

DeXe (DEXE) emerged as the strongest performer on July 25, soaring 90% to around $88. The sharp rebound followed a dramatic selloff earlier this week when the token plunged from $41 to $2 after approximately $6 million in transfers from project-linked wallets triggered panic across the market.

Meanwhile, Solana (SOL) was the weakest performer among the top 10 cryptocurrencies by market capitalization, falling 2.2% to $73.47. The decline mirrored broader weakness in Bitcoin and technology stocks as concerns over AI-related spending continued to pressure investor sentiment. Zcash (ZEC) also dropped 5.5% to $478 after breaking below the key $500 psychological support level, increasing selling pressure.

In corporate news, Robinhood is reportedly discussing a partnership with Crypto.com to expand its presence in the prediction markets sector, according to The Wall Street Journal. Despite the report, Robinhood (HOOD) shares fell 6.57% on July 24 to close at $94. The decline followed the recent compromise of CEO Vlad Tenev’s X account, which was used to promote a fraudulent meme coin.

Elsewhere, the team behind the Official Trump (TRUMP) meme coin transferred approximately $17 million worth of tokens ahead of a potential Senate vote on the CLARITY Act before lawmakers leave for the August recess. The TRUMP token declined 2.62% to $1.55 following the transfer.

The global crypto market capitalization stood at $2.19 trillion, down 1.19% over the past 24 hours, while trading volume reached $55.11 billion. Bitcoin traded near $64,013, Ethereum at $1,857, and XRP at $1.09. Bitcoin dominance rose to 58.7%, Ethereum dominance stood at 10.3%, and the Altcoin Season Index measured 53 out of 100. Total liquidations reached $243 million, including $214 million in long positions, while the Crypto Fear & Greed Index remained at 27, signaling fear.

Traders are closely monitoring the ongoing US-Iran conflict, which remains the key macroeconomic risk for crypto markets. With Iran rejecting ceasefire talks and warning of further military action, investors are watching for potential weekend escalation that could increase volatility and weigh further on Bitcoin and altcoin prices.