Snapshot — Jul 31, 2026, 2:25 PM UTC
Why was Bitcoin down on Jul 31, 2026, 2:25 PM UTC?
$62,501
▼ -3.30% (24h) · -1.93% (1h)
Bitcoin is down 3.3% over 24 hours, likely driven by technical selling pressure rather than the news provided—the regulatory and Iran sanction stories appear unrelated to today's movement. Traders appear to be positioning defensively ahead of an anticipated August pullback, with $60,000 cited as a key support level being tested.
Sources checked
- Circle secures New York trust charter as crypto regulatory push accelerates
- Dubai-based crypto exchange tied to $4 billion Iran sanctioned-evasion network
- U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships
- Traders brace for an August crypto pull-back as protection against $60,000 bitcoin dip becomes top trade
- Bitcoin, ether fall, equities rally with broader crypto market on track for best month in a year
- Here’s what happened in crypto today