- Bitcoin falls over 2% to $113,000, affecting liquidity.
- Triggered market-wide declines, impacting altcoins.
- No official statements from major industry leaders yet.
Bitcoin fell below $113,000, marking a 2.07% daily decline, impacting cryptocurrency markets and leading to nearly $1 billion in liquidations. Major altcoins, including Ethereum (ETH), also experienced declines up to 6%, echoing historical retracement patterns.
Bitcoinโs decline below $113,000 signals a notable market shift, prompting varied reactions from traders and stakeholders without confirmed leadership comments.
The Bitcoin price adjustment brought a reduction from its recent peak of $122,979.87, causing a similar downturn in other cryptocurrencies. Total market liquidations neared $1 billion, unsettling leveraged positions and affecting liquidity across platforms.
Key exchanges and market players have not issued official statements regarding the downturn. No direct quotes or statements from notable figures such as Arthur Hayes (CEO of BitMEX), CZ (CEO of Binance), Vitalik Buterin (Ethereum co-founder), or Raoul Pal (CEO of Real Vision) were found in the indexed sources regarding the price movement of Bitcoin below $113,000 on August 1, 2025.
Altcoins experienced parallel reductions, with ETH among leading assets dropping up to 6%. This event underscores the interconnectedness of the crypto market, influencing a broad spectrum of assets.
Historically, Bitcoinโs retracement by 2-5% after achieving new highs often leads to liquidity shifts and excitement for bullish trend expectations. Data reflects volatility but also potential for subsequent recovery.
The price decline highlights the dual nature of crypto assetsโ volatility, presenting opportunities for both risks and re-evaluations. Such market dynamics necessitate careful monitoring by investors and analysts amid ongoing fluctuations.
About the author
Whale Buys 6.486M ASTER Tokens With 7.5M USDT
A significant crypto transaction by a whale impacts the ASTER market, inducing volatility and drawing attention from investors.
SEC Delays Ethereum Staking ETF Approvals to October 2025
Ethereum staking ETF approval postponed to October 2025, impacting market and institutional inflows.
Binary Holdings Expands Invisible Blockchain via Telecom Partners
Learn about The Binary Holdings' innovative approach to integrating blockchain technology invisibly within telecom services, led by Manit Sachin Parikh.
Huang Licheng Faces $4M Loss on Leveraged Positions
Huang Licheng, known as 'Big Brother Maji,' incurs a $4 million loss on ETH and other crypto positions.
Curve Contributor Denies Onekeyโs Joint Statement
Haowi.eth publicly refutes allegations by Onekey and Wang Lei related to the Resupply incident, emphasizing the need for factual evidence and legal recourse within the DeFi space.
Orderly Network Set for Major DeFi Update and Token Launch
Orderly Network schedules significant DeFi update next week, eyeing $ORDER token launch.
Related
Whale Buys 6.486M ASTER Tokens With 7.5M USDT
A significant crypto transaction by a whale impacts the ASTER market, inducing volatility and drawing attention from investors.
SEC Delays Ethereum Staking ETF Approvals to October 2025
Ethereum staking ETF approval postponed to October 2025, impacting market and institutional inflows.
Binary Holdings Expands Invisible Blockchain via Telecom Partners
Learn about The Binary Holdings' innovative approach to integrating blockchain technology invisibly within telecom services, led by Manit Sachin Parikh.
Huang Licheng Faces $4M Loss on Leveraged Positions
Huang Licheng, known as 'Big Brother Maji,' incurs a $4 million loss on ETH and other crypto positions.
Curve Contributor Denies Onekeyโs Joint Statement
Haowi.eth publicly refutes allegations by Onekey and Wang Lei related to the Resupply incident, emphasizing the need for factual evidence and legal recourse within the DeFi space.
Orderly Network Set for Major DeFi Update and Token Launch
Orderly Network schedules significant DeFi update next week, eyeing $ORDER token launch.
