Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Why is crypto down today? Liquidations hit $629M BTC, ETH, XRP dip
Share
  • bitcoinBitcoin(BTC)$123,018.42
  • ethereumEthereum(ETH)$4,518.19
  • binancecoinBNB(BNB)$1,314.65
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.87
  • solanaSolana(SOL)$228.53
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.254109
  • tronTRON(TRX)$0.341954
  • cardanoCardano(ADA)$0.84
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Bitcoin > Why is crypto down today? Liquidations hit $629M BTC, ETH, XRP dip
BitcoinCrypto

Why is crypto down today? Liquidations hit $629M BTC, ETH, XRP dip

admin
Last updated: 01/08/2025 12:57 Chiều
admin
Published 01/08/2025
Share


Contents
Tariffs, Fed outlook trigger sharp retreat in BTC, ETH, and altcoinsLong-dormant wallets move and short-term BTC holders sell at a loss

A broad sell-off hit the crypto market on the first day of August, with total market capitalization falling 6.6% to $3.8 trillion amid macroeconomic tensions.

Summary

  • Crypto market fell 6.6% on August 1 with $629M in liquidations.
  • New U.S. tariffs and uncertain Fed policy dragged on risk appetite.
  • Long-dormant Bitcoin wallets have been reactivating as short-term holders sold at a loss.

Bitcoin (BTC) fell 2.4% to $115,354, while Ethereum (ETH) declined 4.1% to $3,702. Solana (SOL), XRP (XRP), and Cardano (ADA) each dropped by about 5%, dragging the altcoin sector lower. The Crypto Fear and Greed Index fell 6 points from the day before, now at 75.

Over $629 million in cryptocurrency holdings were liquidated in the last day, according to Coinglass data, a 45% increase from the previous day. Technical indicators also weakened. The average crypto market relative strength index dropped to 35.4, indicating waning momentum across major tokens. Additionally, the market’s overall open interest dropped 3% to $193 billion.

Tariffs, Fed outlook trigger sharp retreat in BTC, ETH, and altcoins

The recent decline can be attributed in large part to renewed macroeconomic pressure. The markets are now pricing in a longer period of high rates, which has reduced expectations for interest rate cuts due to strong U.S. economic data. This change has resulted in a decline in demand for riskier assets, such as cryptocurrencies, in favor of safer alternatives, such as bonds.

Adding to this is the launch of new U.S. tariffs that took effect on August 1. The White House announced a 25% tariff on goods from India and a 50% tariff on critical materials such as copper. These tariffs may disrupt global supply chains, especially for industries tied to crypto mining and hardware manufacturing. Other countries targeted include Brazil, South Korea, and South Africa.

The U.S. Trade Office estimates that the new tariffs could increase short-term consumer prices by 2.1–3%, creating a more risk-averse market. President Donald Trump, in a statement, confirmed the new penalties, which cover billions in annual trade flows.

Long-dormant wallets move and short-term BTC holders sell at a loss

Beyond the macro outlook, on-chain activity added to market unease. On July 31, five Bitcoin miner wallets from April 2010, untouched for over 15 years, suddenly moved 250 BTC, worth nearly $30 million, to two new addresses. These legacy wallets date back to Bitcoin’s earliest days, when few people were involved in mining.

Although rare, these movements are often regarded as potential markers of market shifts. They follow a month in which long-term holders have been very active, with billion-dollar wallet movements raising concerns about potential selling pressure in the future.

At the same time, short-term Bitcoin holders are showing signs of capitulation. Market analyst Darkfost reported on July 30 that many recent buyers are now selling at a loss. Based on exchange data, over 50,000 BTC were in the red on July 15, and more than 37,000 BTC were still underwater as of July 25.

CryptoQuant analyst Maartunn also noted a shift in Bitcoin supply from long-term to short-term holders. Over 223,000 BTC moved into short-term wallets in the past month, likely due to profit-taking or a change in investor positioning.

You Might Also Like

Aethir and Credible launch first DePIN-powered crypto credit card

Zebec crypto extends rally on Algorand integration into Zebec Cards and payroll ecosystem

Here’s why the surging Skale crypto may crash 40% soon

Crypto.com secures $120m insurance for U.S. custody platform

What’s next for XRP price as ETF approval chances hit 87%?

TAGGED:629MBTCcryptodipETHhitliquidationstodayXRP

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Fold expands Bitcoin’s reach through America’s $300b gift card infrastructure
Next Article U.K.-listed Valereum Plc wants to raise £500k to establish Bitcoin treasury
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
Here’s why altcoins like Stacks, Flare, Jasmy, and Dogecoin rising
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?