Market Summary
🔹 Bitcoin (BTC)
Price: ~$113,500 (down ≈ 0.08%) in intraday trading. Lower bound around $112,100 USD.
Drivers of decline: A combination of macroeconomic uncertainty, including U.S. tariff policies, and a major whale sell-off (~30,000 BTC), contributed to downward pressure. ETF outflows also weighed on the price.MarketWatch+7CoinGape+7Reddit+7Brave New Coin+2AInvest+2CoinGape+2
🔹 Ethereum (ETH)
Price: ~$3,442 (down ~1.28%) intraday, low touching ~$3,371.
Key highlights: ETH dipped below the $3,500 mark after massive whale selling (e.g., BitMEX’s Arthur Hayes), undercutting investor enthusiasm. ETF inflows surged by $5.4 billion in July, fueling long-term optimism.CoinGapeBrave New Coin
📌 Broader Market Context
A weak U.S. employment report triggered risk-off sentiment, prompting investors to rotate into safe-haven assets like bonds and gold, intensifying the sell-off in crypto.Seeking Alpha
ETFmatic trends: Spot Bitcoin and Ethereum ETFs recorded significant outflows on August 1, marking one of the worst days for inflows in 2025. Investors seem to be taking profits after July’s strong rally.beincrypto.com+1dlnews.com+1
