On August 1, all of the top 100 cryptocurrencies dropped, causing the global market capitalization to shrink by 7.3% to US$3.83 trillion.
Bitcoin recorded a decline of about 2–3% to around US$113.7K–115K, while Ethereum fell by up to 4–6%. Some altcoins like SOL and DOGE recorded corrections of up to **6–7.5%**.
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