📉 Why Are Crypto Markets Down Today? (August 5, 2025)

The crypto market is witnessing a correction today after a strong upward momentum last week. Several factors are contributing to this dip:

🔸 Bitcoin (BTC) touched the key resistance near $115K, triggering profit-taking.

🔸 Ethereum (ETH) also faced resistance at $3,600.

🔸 US job data showed mixed signals, reducing hopes of immediate interest rate cuts.

🔸 Slight negative sentiment from Asian markets, especially China, added pressure.

🔸 In the past 24 hours, over $86 million worth of crypto positions were liquidated, mostly from long positions.$BTC $ETH $XRP