1. Renewed U.S. Tariff Anxiety & Macro Headwinds

Fresh trade tariffs announced by President Trump, including a 35% levy on Canadian imports, rattled global markets and prompted a shift to risk-off sentiment, hitting equities and crypto alike.

Bitcoin fell over 3% in 24 hours to below $115,000, while Ethereum, Solana, XRP, and Dogecoin dropped between 5% and 9%.

2. Profit Taking & Liquidations

$600M–$850M in crypto derivatives were liquidated today, including roughly $630M triggered by long‑position unwindings in Bitcoin and Ethereum.

Large holders and ETFs have been offloading positions after Bitcoin’s recent rally, including short‑term whales moving over 21,000 BTC into exchanges.

3. Weak U.S. Jobs Data & Fed Guidance

July job gains (~73,000) came in well below expectations (~147,000), raising doubts over economic strength and dampening hopes of near-term Fed rate cuts.

The Fed maintained its benchmark rate at 4.25–4.50%, and internal dissent about keeping it too long is stirring broader policy uncertainty.

4. Technical Breakdown + Seasonality Pressures

Bitcoin broke key support around $115K–$118K, triggering cascading selling pressure toward the next support zone at $114K or lower.

Historically, August tends to be weak — post-halving August months often see corrections before the next leg up.

📊 Key Market Levels & Trends

Asset Latest Price 24‑h Change Support Levels

Bitcoin ≈ $114K–$115K –3% to –3.5% $115K (now resistance), $114K, then ~$110–112K

Ethereum ≈ $3,500–$3,600 –5% to –5.5% $3,500 / $3,480 zone – breakdown could lead toward $3,100

XRP, SOL, DOGE, BNB Down 5–9% -- XRP needs to hold ~$2.60; SOL around $150; DOGE long-term channels forming

🔍 Analyst Perspectives & Outlook

Technical analysts view the dip toward $114K as a potential accumulation zone—a possible buying opportunity if broader support holds.

Despite today’s pullback, Ethereum still shows longer-term strength, with bullish institutional flows, ETF momentum, and regulatory tailwinds suggesting potential continuation toward $4,000+ in coming weeks.

Warnings from financial commentators emphasize the growing risk of deeper systemic spillovers, especially if crypto becomes further embedded into institutional and traditional finance systems.

🧭 Bottom Line & What to Watch Next

Macro & policy noise (tariffs, Fed clarity, jobs data) continue to define price action.

$114K‑$115K for BTC and $3,480‑$3,500 for ETH are critical near‑term lines in the sand. Breaching these could open paths toward major technical support zones.

Look for big-ticket ETF flows, further U.S. regulatory announcements (e.g. Project Crypto, stablecoin rules), and global trade developments to dictate the next move.

Let me know if you'd like a deeper dive into specific altcoins, liquidation metrics, or regulatory developments.