Bitcoin News Today: Bitcoin Dips to $115,141 as Crypto Market Slumps 7.3% Amid U.S. Tariff Fears

Cryptocurrency markets experienced a sharp decline on August 1, 2025, as Bitcoin dropped to $115,141, triggering widespread liquidations and dragging other major coins lower. Ethereum fell below $3,630, XRP slid to $2.95, and Dogecoin lost nearly 7.5% to trade at $0.2063 [1]. The broader crypto market cap contracted by 7.3% in a single day, with traders bracing for further volatility amid renewed U.S. tariff concerns [4].

According to market data, $758.65 million in positions were liquidated within 24 hours, with Bitcoin and Ethereum seeing significant losses in leveraged trading [1]. The drop was attributed to both profit-taking from a recent rally and growing uncertainty over U.S. trade policy. Large transaction volumes for Bitcoin and Ethereum increased by 8.6% and 6.5%, respectively, while daily active addresses rose by 5.3% and 0.1%, indicating mixed on-chain activity [7].

Spot Bitcoin ETFs recorded a net outflow of $114.8 million, contrasting with a $17 million net inflow into Ethereum ETFs [1]. Analysts observed that Bitcoin is consolidating near the $114,000–$115,000 range, with some viewing the level as a potential support area for a reversal [9]. However, the market remains bearish, with traders closely monitoring key price levels and broader macroeconomic developments.

Ethereum’s liquidity is concentrated around $3,500 and $4,000, with analysts expecting a potential sweep before a recovery toward $4,000 [1]. Solana and XRP also faced downward pressure, with XRP bulls needing to defend the $2.60 level to maintain short-term momentum [1]. Dogecoin’s price movement was noted for forming a long-term bullish channel, offering hope for a renewed rally [1].

While some analysts remain bullish on the long-term outlook for Bitcoin and Ethereum, the near-term environment remains uncertain. Market participants are advised to exercise caution given the volatile conditions and potential for further liquidation events [1]. The coming months will be critical in determining whether the market can stabilize and regain upward momentum.

Source:

[1]https://www.coindesk.com/markets/2025/08/01/usd600m-bullish-bets-liquidated-as-bitcoin-drops-to-usd115k-doge-sol-xrp-fall-6

[3]https://m.economictimes.com/markets/cryptocurrency/crypto-news/bitcoin-slips-below-115200-as-u-s-tariffs-rattle-markets-ethereum-solana-dogecoin-fall-up-to-8

[4]https://www.ainvest.com/news/bitcoin-news-today-crypto-market-slumps-7-3-bitcoin-ethereum-drop-fed-uncertainty-2508/

[5]https://cryptonews.com/news/why-is-crypto-down-today-august-1-2025/

[6]https://www.mitrade.com/insights/news/live-news/article-3-1005308-20250801

[7]https://www.inkl.com/news/bitcoin-plummets-to-115-000-ethereum-xrp-dogecoin-follow-lower

[9]https://news.bitcoin.com/bitcoin-price-watch-is-a-major-reversal-brewing-at-114k/