The crypto market lost nearly $24 billion in capitalization on July 28, with Bitcoin falling below $64,000 amid a global semiconductor sell-off. This decline was accelerated by three consecutive sessions of outflows from US spot Bitcoin ETFs, totaling $476.8 million in withdrawals. South Korea’s Kospi index plunged 10.8%, its largest single-day decline since 2020, while Samsung Electronics and SK Hynix fell more than 13%. The total crypto market cap retreated to approximately $1.86 trillion, with uncertainty surrounding this week’s Federal Reserve meeting adding to investor caution.
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