Crypto Market Today, July 16: Bitcoin Pulls Back as Risk Aversion Weighs on Markets
Today, July 16, 2026, increasing tensions in the Middle East prompted a sell-off in cryptocurrencies and tech stocks.
Overview
As of early evening on July 16, Bitcoin (CRYPTO:BTC) fell 1.3% to $64,087.07, Ethereum (CRYPTO:ETH) fell 2.6% to $1,873.08, and Solana (CRYPTO:SOL) fell 2.0% to $75.80. The total crypto market cap fell 1.3% to $2.28 trillion.
Wider risk-off sentiment pressured crypto prices today. Bitcoin retreated from the $65,000 mark as tech stocks and cryptocurrencies sold off amid a re-escalation of violence between the U.S. and Iran. Meanwhile, E*TRADE, Morgan Stanley’s trading platform, launched spot cryptocurrency trading for Bitcoin, Ethereum, and Solana.
Details
Spot Bitcoin ETF flows remained positive yesterday, with $107 million in total inflows. The iShares Bitcoin Trust ETF gained $81 million, and the Fidelity Wise Origin Bitcoin Fund gained $17 million in assets under management (AUM). Institutional investors also bought Ethereum ETFs yesterday, with $45 million flowing into the iShares Ethereum Trust ETF. However, we may see a different picture when today’s data is finalized.
Source
Originally published at www.fool.com.