Bitcoin
The price of Bitcoin has dropped to $114,250, the lowest level since June 11, affected by U.S. President Donald Trump's decision to impose new tariffs on several countries, raising concerns among investors and leading to a wave of selling in financial markets and cryptocurrencies.
Bitcoin has broken the sideways channel it was in for 3 weeks.
A daily loss of 2.6%, and the price is now 6.5% lower than its highest peak recorded on July 14 ($122,800).
Trading positions worth $630 million were liquidated within 24 hours.
Some investors view the decline as a temporary correction and not a structural shift.
Despite the drop, Bitcoin ended July with the highest monthly close in its history ($115,784).
There is optimism about the possibility of easing tensions if a trade deal is reached with China.
CoinMarketCap
