#TrumpTariffs
#MarketPullback
#FOMCMeeting
Crypto Market Update – August 3, 2025
The global cryptocurrency market experienced a significant decline today, with the total market cap dropping to around $3.72 trillion, down nearly 5% over the past 24 hours. Trading volume also saw a sharp fall, plunging by over 27%, signaling reduced investor activity. Bitcoin (BTC) maintained dominance at approximately 61%, indicating stronger investor confidence in BTC over altcoins during uncertain conditions.
Bitcoin is currently trading just below $113,000, showing a slight dip of around 0.3%. Ethereum (ETH) fell over 2%, now priced at $3,448, while XRP dropped more than 5%, hovering around $2.84. These losses follow a wave of liquidations totaling over $600 million, largely from leveraged positions, which accelerated the downward trend.
The downturn has been linked to global economic concerns, including weak U.S. job data and geopolitical tensions. Despite the slump, long-term optimism persists. U.S. regulatory developments such as the GENIUS Act and Project Crypto are paving the way for clearer rules and broader institutional adoption. Moreover, July saw nearly $900 million in inflows into Ethereum ETFs, highlighting growing investor interest.
In summary, while today’s market shows weakness, evolving regulations and institutional involvement point to potential recovery ahead.
$BTC
$ETH
$SOL
#BNBATH
