BITCOIN DOWN
đ Market Snapshot & Price Movement
Bitcoin is hovering around $113,600, with intraday highs and lows between approximately $112,100 and $113,960.
It has slipped slightly (~0.1%) over the past 24 hours TradingView+15Coinbase+15AInvest+15Bitcoin News+1BitDegree+1.
đ Key Drivers Behind Todayâs Price Action
The broader cryptocurrency market has dipped sharply amid macroeconomic and geopolitical worriesâincluding concerns over U.S. tariff policy, weak employment data, and risk-off sentiment spilling into digital assets FingerLakes1+4CoinDesk+4AInvest+4.
In recent days, forced liquidations exceeded $900 million, with Bitcoin declining under $115K and Ethereum off ~5% AInvest.
On-chain metrics show miners have offloaded 3,000 BTC in the past two weeks, part of broader downward pressure on price AInvest+15AInvest+15AInvest+15.
A long-dormant âwhaleâ wallet also moved 30,000 BTC (~$3.5B) to exchanges, sparking additional concern over sell-side pressure AInvest.
đ Analyst Views & Forecasts
Arthur Hayes, CIO of Maelstrom Fund, warns Bitcoin may re-test $100,000 support due to tariffs and soft U.S. jobs growth AInvest+1Cointelegraph+1.
Other analysts note Bitcoin is currently testing support below $115K, but the limited use of leverage suggests potential for stabilization rather than a sharp collapse AInvest+2Brave New Coin+2investing.com+2.
đ° Headlines & Market Sentiment
Bitcoin and Ethereum are leading today's decline amid broader market weakness on August 3 AInvest+1CoinDesk+1.
Also trending: A historic $14.5 billion Bitcoin theft from the LuBian mining pool in 2020 was only disclosed todayâa shocking revelation with limited immediate price impact AInvest+1theblock.co+1.
Eric Trump recommended a âbuy the dipâ strategy, urging investors to consider accumulating Bitcoin and Ethereum as prices retreated below major thresholds AInvest.
