Bitcoin Holds Steady Near $65,000 as Tech 'Magnificent Seven' Stocks Lose $797 Billion in Single-Day Selloff

Bitcoin demonstrates unexpected stability near $65,400 on July 24, 2026, declining less than 1% even as the tech 'Magnificent Seven' stocks shed $797 billion in a single-day selloff triggered by AI capital expenditure concerns at Alphabet and Tesla. While major altcoins like Ether and Dogecoin post steeper losses, the broader decentralized finance market surges 9.8% to $63.4 billion. Meanwhile, institutional sentiment remains mixed as spot Bitcoin ETFs experience a $225 million single-day outflow following a six-day, $818 million inflow streak.

Cryptocurrency market decline

• ▪The Magnificent Seven megacap technology stocks fell 4.8% on July 23, 2026, losing $797 billion in market value in their worst session since April 2025
• ▪Ether declined 3% to trade at $1,879, while Dogecoin tumbled 5% to $0.069 on July 24, 2026.
• ▪Bitcoin held steady near $65,400 on July 24, 2026, declining less than 1% on the day while securing a weekly gain of approximately 3%.

DeFi sector surge

• ▪The overall decentralized finance market escalated 9.8% over 24 hours to reach a market capitalization of $63.4 billion on July 24, 2026.
• ▪Decentralized finance dominance globally marked 4.5% of the total cryptocurrency market on July 24, 2026.

Crypto sentiment indicators

• ▪The Crypto Fear and Greed Index fell to 28 on July 24, 2026, down from 31 the previous day, signaling deepening caution among investors.
• ▪The Relative Strength Index for Bitcoin reached 27 on July 24, 2026, suggesting the cryptocurrency was approaching oversold levels

Institutional crypto adoption

• ▪U.S.-listed spot Bitcoin exchange-traded funds recorded six consecutive days of inflows, attracting approximately $818 million over that period
• ▪Institutional investors withdrew approximately $225 million from U.S.-listed spot Bitcoin exchange-traded funds on July 23, 2026.

Platform protocol developments

• ▪Hyperliquid processed $652 billion in perpetual futures trading during the second quarter of 2026, with non-crypto asset trading climbing to 32%
• ▪Trading aggregator Odos announced it will cease operations by July 30, 2026, with the application entering a read-only mode on July 27, 2026

Regulatory compliance enforcement

• ▪The Commodity Futures Trading Commission extended its public comment period on 24/7 futures and perpetual energy contracts by 30 days to August 26, 2026.
• ▪HM Revenue & Customs recovered over £8 million from 502 cryptocurrency investors in the United Kingdom over a two-year period.