A broad cryptocurrency selloff swept through digital asset markets on July 28, with leading coins Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) recording significant losses. Bitcoin fell 3.0% to $63,469.51, while Ethereum dropped 4.3% to $1,882.33. XRP suffered a steeper decline of 4.9%, trading at $1.06. Other major altcoins also slid: Solana (SOL) lost 4.5% to $73.30, Dogecoin (DOGE) declined 3.9% to $0.07017, and BNB (BNB) slipped 1.7% to $565.38.
Despite the widespread losses, Bitcoin and Ethereum displayed notable resilience relative to traditional stock markets, where major tech indices were plunging. According to commentator Ran Neuner on Crypto Banter, this outperformance raises questions about the underlying strength of crypto assets ahead of the Federal Open Market Committee (FOMC) meeting, which could shift monetary policy expectations. Trading volumes surged across leading exchanges, with Bitcoin recording $26.49 billion in daily volume, while Ethereum saw $11.08 billion.
In a counter-trend move, several smaller tokens bucked the downturn. COTI (COTI) skyrocketed 63.6% to $0.01211 on more than $102.9 million in volume, making it the session’s top gainer. Unicorn (UWU) and Orochi Network (ON) both rallied over 37%, while KGeN (KGEN) added 18.4%. This divergence highlighted speculative buying in low-cap assets even as large-caps retreated.
