📰 Crypto Update – August 1, 2025
🔻 Bitcoin $BTC drops to $115,000
Many big investors (called whales) are selling to take profits, which pushed the price down.
💰 In July, whales took around $6–8 billion in profits. One old wallet sold 80,000 BTC in one go.
⚠️ Over $600 million in long positions were liquidated (forced to close), including a $13.7M ETH trade on Binance.
🌍 New U.S. tariffs are also hurting markets in Asia and affecting crypto prices.
📉 Altcoins also fell:
$DOGE , $SOL , XRP dropped more than 6%
ETH had a strong July but is slowing down now
🔮 Experts say the market may stay flat for a few weeks or months — but it’s not the end of the bull run.
Coin
Key Support
Resistance
$114K
$118.5K
$3,320
$3,600
$110
$125
$0.18
$0.21
💥 Altcoins Take Bigger Hits:
While BTC remained relatively stable, major altcoins tumbled harder:
Ethereum (ETH): Still up over 50% in July but showing signs of short-term resistance.
Solana (SOL): Dropped over 6% in the last 24 hours.
Dogecoin (DOGE) and XRP: Both plunged 6–7%, facing strong liquidation pressure.
Toncoin (TON): Slight pullback after an aggressive July rally.
