🚨【August 1st Cryptocurrency Market Crash Review】
Today the market fell across the board, with the total cryptocurrency market cap dropping to $3.78 trillion (-2.4%):
BTC dropped to $114,800, with a maximum intraday decline of over 6%
ETH dropped to $3,700 (-3.6%)
Altcoins such as SOL, XRP, DOGE fell by 4–9%
📉 Main reasons for the crash:
1. Trump's surprise tariff increase sparked risk-averse sentiment
2. Wave of leveraged liquidations, with a total liquidation amount exceeding $600 million
3. High interest rates from the Federal Reserve + capital outflows, putting pressure on liquidity
4. Panic sentiment spread in the market, with a sharp drop in on-chain activity
🧭 What does the future hold?
If BTC cannot hold above $114,800, it may continue to dip to $110,000–$107,000
If there are no new negative factors, a rebound window is expected in 2–4 weeks
Operation suggestion: Mainly observe, buy on dips in batches, and strictly control positions
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