The huge encryption qualifiers reached 754 million dollars: Bitcoin, ethereum and Altcoins lead the decrease star-news.press/wp

The cryptocurrency market faced a great correction on August 1, 2025, with more than 700 million dollars ranked in only 24 hours via bitcoin and other major assets.

According to Coinglass, long centers formed $ 707 million, with a highlight of the brutal survey of biometrics via bitcoin (BTC), ETHEREUM (ETH), Solana (SOL), Cardano (Ada), Dogoin (DOGE), and others.

The total market value decreased by 3.95 % to $ 3.7 trillion, while Bitcoin fell by 3.1 % to $ 114,892 and Ethereum sank 6.1 % to $ 3,620. Altcoins witnessed deeper cuts – Cardano decreased by 8.5 %, XRP 7.5 %, and Solana lost more than 6.9 %. Fear and greed index fell to 60, indicating the investor’s confidence.

BTC's price record a sell off on low timeframes as per the daily chart. Source: BTCUSD on Tradingview 

The tariff of the United States and the Federal Reserve Policy of Thriller Risks in Bitcoin and Altcoins

The new sales process coincides American definitions The cash position is honest on the federal reserve. President Trump’s administration has carried out a tariff of up to 50 % on the main materials, the escalation of global trade tensions.

The Federal Reserve also retained fixed interest rates at 4.25-4.50 % for the fifth time, indicating high conditions that pass through a long time weakening the appetite of risk.

These developments have sparked a retreat from speculative assets such as encryption. The Relative Power Index of the Crypto (RSI) market decreased to 35.4, and the total open interest decreased by 3 % to $ 193 billion, indicating twice the broader market.

Pisces and encryption references deepening pain

The activity on the chain added to the anxiety. Five governors of sleeping mines from 2010 suddenly transferred 250 BTC (≈ $ 30 million), which raised concerns about the imminent sales pressure. Meanwhile, short -term holders continue to surrender and sell BTC with a loss.

Senior level qualifiers added to the drama. According to the prominent trader, Aguilatrades lost approximately $ 40 million, on the height of the liquid after obtaining the benefit BTC position It collapsed. Other players at risk, including James Win, also faced millions of dollars.

On the contrary, traders with deception such as 0xcb92 benefit from the eTH default with a 20x financial lever, and they got more than $ 3.7 million, confirming the extreme volatility and high risk nature of the current market.

Despite the chaos, the feelings of the long -term investor are still monitored but sound. However, with the overall opposite winds, whale wallet movements, and fluctuations based on leverage, the front remains rocky for coding bulls.

Image coverage of Chatgpt, BTCUSD Chart from TradingView

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