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$1.11 trillion in value was wiped from U.S. stock markets on August 1, led by sharp drops across Big Tech. Amazon plunged over 8%, dragging down broader indices alongside Apple, Meta, and Tesla.
Crypto didn't escape the bleed either. Over $800M in positions were liquidated, including $600M in long bets as Bitcoin fell to $115K and alts like DOGE, SOL, and XRP tumbled around 6%. Sui also saw its largest unlock of the month, hitting its price hard overnight.
#ProjectCrypto #TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport
