📊 Crypto Market Snapshot – August 1, 2025

The crypto market is under pressure today, with sharp drops across major assets:

🔸 BTC (Bitcoin) trades around $114,400, down ~3.5% after slipping from an intraday high near $118,700. Support levels between $114K–$115K are in focus.

🔸 ETH (Ethereum) is falling sharply to around $3,610, down ~6.7% in the last 24 hours after attempting resistance at $3,870. Watch for support near $3,600.

🔸 XRP is down to $2.91, marking a ~7.6% drop, and trading near its daily low of $2.91–$3.17.

📉 Losers Today:

ETH – largest drop at −6.7%

XRP – down −7.6%

Other altcoins following suit (SOL, ADA, DOGE trading 5–9% lower)

📈 Gainers / Relative strength:

Some mid-caps like LINK and TON may be slightly outperforming despite broader weakness.

🔍 Key Market Trends:

Market sentiment is risk-off, likely driven by macroeconomic concerns and regulatory uncertainties.

ETH’s drop confirms failure to break $3,860 resistance, while XRP is testing lower support near $2.90.

For active traders, scalping on altcoins with clear intraday levels remains the viable strategy.

📢 Pro Tip:

Stick to strict intraday strategies with tight stop-loss limits. Avoid heavy leverage until clear momentum returns.

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