Crypto Market Today, July 31: Bitcoin Slides Below $63,000 and Coinbase Tumbles 10%

Emma Newbery, The Motley Fool

Sat, August 1, 2026 at 12:38 AM GMT+3 3 min read

As of 4.30 p.m ET on July 31, Bitcoin (CRYPTO:BTC) fell 2.9% to $62,929.27, Ethereum (CRYPTO:ETH) fell 2.8% to $1,866.57, and Solana (CRYPTO:SOL) fell 2.0% to $73.04. All three major coins were broadly lower on easing risk appetite.

What's driving crypto markets

Bitcoin slipped below $63,000 today as a mix of factors weighed on the crypto market. These included news that three Federal Reserve board members voted to raise interest rates at Wednesday's meeting, disappointing results from Coinbase Global (NASDAQ:COIN), and doubts that lawmakers would pass much-anticipated crypto legislation — the Clarity Act — this summer.

Crypto ETF snapshot

Spot Bitcoin ETFs saw positive flows yesterday, with $233 million in inflows despite risk-off sentiment pressuring prices. The iShares Bitcoin Trust ETF remains dominant, increasing its assets under management by $183 million yesterday. Indeed, Banco Santander (NYSE:SAN) disclosed yesterday that it held $4.31 million in shares in the popular Bitcoin ETF as well as around $3.54 million in the iShares Ethereum Trust ETF (NASDAQ:ETHA).

What this means for investors

Cryptocurrency prices slid this week, pressured by increasing geopolitical tensions, interest rate speculation, and a narrowing window for the Senate to pass the Clarity Act. Coinbase's earnings miss didn't help: The stock tumbled over 10% following disappointing results, which were largely due to low crypto trading revenues.

However, to put crypto's struggles in context, equities have also had a rough few weeks — indeed, Bitcoin gained 4.3% in July while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell by 3.2%. Broader progress, such as Morgan Stanley (NYSE:MS) launching new crypto ETFs this week, has helped crypto pull away from a disastrous June. Stablecoins and agentic AI payments could present solid use cases for blockchain, and those are the trends for long-term investors to watch.

Top 10 crypto performance

Ranked by market cap. Data: CoinGecko, as of July 31, 2026 20:16 UTC.

Should you buy stock in Bitcoin right now?

Before you buy stock in Bitcoin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $394,601!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,197,093!*

That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.

See the 10 stocks »

*Stock Advisor returns as of July 31, 2026.

Emma Newbery has positions in BNB, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Hyperliquid, Solana, XRP, and iShares Bitcoin Trust. The Motley Fool recommends BNB, Coinbase Global, and TRON. The Motley Fool has a disclosure policy.

Crypto Market Today, July 31: Bitcoin Slides Below $63,000 and Coinbase Tumbles 10% was originally published by The Motley Fool