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Bitcoin, ether fall, equities rally with broader crypto market on track for best month in a year

Bitcoin and ether prices declined on the final day of July, even as the broader CoinDesk 20 Index achieved its strongest monthly performance in over a year.

Key Points

  • Bitcoin fell 1.31% to $63,870 and ether dropped 1.40% to $1,890, diverging from rallying global equity markets.
  • The CoinDesk 20 Index recorded an 8.7% gain for July, marking its best monthly performance since July 2025.
  • Uniswap’s UNI token rose 9.30% following positive momentum from its recent Robinhood layer-2 integration.
  • XRP futures open interest reached 2.27 billion tokens, signaling increased trader activity despite a decline in the asset's price.
  • Bitcoin’s 30-day implied volatility index fell to 37%, the lowest level recorded since May.

Why it Matters

The divergence between crypto assets and surging equity markets highlights how geopolitical tensions and Federal Reserve policy continue to weigh on digital asset sentiment. Investors remain cautious, as evidenced by static open interest in bitcoin and a bearish bias in futures volume, suggesting limited appetite for leveraged risk despite recent monthly gains.
CoinDesk Published by Oliver Knight, Omkar Godbole
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