Bitcoin Hits New July Low

🔻On August 1, the crypto market began with a noticeable decline. Bitcoin dropped to $114.3K, hitting its lowest level since July 10. Within 24 hours, the price fell by 3.3%, bringing BTC’s market cap to $2.28 trillion. Amid the drop, over 165,000 trading positions worth $645 million were liquidated—most losses came from long positions, particularly in Ethereum and BTC.
🔻The overall market declined by 4%, and none of the top 100 cryptocurrencies showed significant growth. The Fear & Greed Index fell from 72 to 65, signaling weakening investor interest. Experts note that August is traditionally a weak month for crypto, and profit-taking after BTC’s rise above $120K has increased selling pressure.