Bitcoin News Today: Bitcoin and Ethereum Drop on August 3 Amid Broad Market Weakness

Cryptocurrency prices continued their downward trend on August 3, 2025, with Bitcoin and Ethereum leading the decline amid broader market weakness. Major digital assets saw mixed performances, with some altcoins posting modest gains while others experienced sharp losses.

Bitcoin fell 0.43% to $113,101.41 by 11:00 AM KST, marking a continuation of the bearish sentiment observed in recent sessions. Ethereum was hit harder, dropping 2.77% to $3,416.33, reflecting broader concerns about macroeconomic conditions and investor risk appetite. Altcoins also struggled, with XRP declining 6.03% to $2.79, Dogecoin losing 3.77% to $0.1943, and Solana falling 3.00% to $159.60. Avalanche and Aptos also dropped by 3.09% and 2.83%, respectively, to $21.03 and $4.13.

Among the few positive performers, MemeCore (M) surged by 23.72% in 24 hours, standing out as the top gainer. However, the market was dominated by losses, with Ethena (ENA) falling 9.83% as the biggest loser. Quai Network (QUAI) and Aleo (ALEO) also saw declines of 1.31% and 7.84%, respectively.

A new token, Grok Imagine Penguin (PENGU), was listed on CoinMarketCap at $0.0124215, adding to the evolving crypto landscape. The continued volatility and mixed performance highlight the sensitivity of the market to external factors, including macroeconomic data and regulatory developments.

The ongoing correction underscores the challenges facing the crypto market as it navigates a broader risk-off environment. While short-term momentum remains bearish, the market continues to attract speculative interest, particularly in niche and meme-driven tokens.

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Source: [1] Cryptocurrency Prices on August 3

Url: https://coinmarketcap.com/community/articles/688ece49e27bf67f64125f71/