- Large-scale sales by Galaxy Digital and Ripple influenced the market.
- Bitcoin fell approximately $8,200 from its peak.
- Jasmy and Stellar declined over 15% from highs.
Bitcoin and major altcoins like Pepe, JasmyCoin, and Stellar experienced a notable drop due to profit-taking and macroeconomic concerns, including potential US tariffs. Institutional sales, such as Galaxy Digital’s $500 million Bitcoin sell-off, intensified declines.
Bitcoin and major altcoins such as Pepe, JasmyCoin, and Stellar experienced a significant drop in late July 2025, attributed to large-scale profit-taking and macroeconomic uncertainties, notably the potential introduction of new U.S. tariffs.
Factors driving cryptocurrency declines include profit-taking and macroeconomic concerns, causing volatility. Institutional actors such as Galaxy Digital and Chris Larsen were involved, executing significant sales affecting the market.
Key players in the recent downturn, including Mike Novogratz from Galaxy Digital and Chris Larsen from Ripple, initiated large token sales during a volatile period. Analytics platforms confirmed activity, despite no direct statements from involved executives.
“Our decision to liquidate significant portions of our assets was driven by market volatility and the need to secure gains amid uncertain macroeconomic conditions.” — Mike Novogratz, CEO, Galaxy Digital
The market witnessed immediate effects on Bitcoin and altcoins with decreasing values, as heightened investor caution prompted significant sell-offs. Economic concerns, including U.S. tariff discussions, exacerbated fears within the investor community.
Financial implications from these activities include a notable $500 million Bitcoin sale by Galaxy Digital and $140 million in XRP sales by Chris Larsen. The impact extended to retail traders and institutional investors navigating a cautious environment.
Experts anticipate potential further volatility as the market responds to macroeconomic challenges. Such turmoil requires timely insight into evolving financial, regulatory, and technological influences that could shape future market landscapes. Key cryptocurrencies remain under scrutiny as participants assess ongoing developments.
Updates and adjustments from primary sources and real-time data like Nansen and Whale Alert remain critical for stakeholders in observing and adapting to the fluctuating market dynamics.
