Why is the crypto market down this week? By Cointelegraph

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The crypto market is down this week, with the total market capitalization falling by 4.4% to reach its lowest point since June 14 at $1.02 trillion. This movement has increased (BTC) market dominance as regulatory uncertainty hangs over the altcoin markets.

Despite the hype surrounding recently filed Ether (ETH) and BTC exchange-traded funds (ETFs), the United States Securities and Exchange Commission (SEC) continues to delay decisions on the financial instruments.

Total crypto market cap. Source: TradingView
Ether long liquidations. Source: CryptoQuant
Crypto market volume and TVL. Source: DefiLlama