Bitcoin News Today: Bitcoin Falls Below $114,000 Amid Trump Tariff Order and Market Sell-Off

Bitcoin briefly dipped below $114,000 on August 1, 2025, marking its lowest level in over three weeks amid heightened market anxieties driven by President Donald Trump’s executive order on trade tariffs. The decline occurred amid a broader sell-off in both equities and cryptocurrencies, with nearly $630 million in Bitcoin liquidations reported within a 24-hour period [2]. The drop coincided with a shift in the crypto fear and greed index from "greed" to "neutral," reflecting a cooling in speculative enthusiasm [3].

The move was partly attributed to the filling of a key price gap in the CME Bitcoin futures market near the $114,000 level, a phenomenon often observed in weekend trading sessions. This was further compounded by ongoing trade tensions and uncertainty surrounding global markets [4]. Over the following days, Bitcoin remained within a defined trading range of $114,000 to $120,000, with analysts noting a retesting of previous lows and a modest recovery toward the upper end of the range [6]. Technical indicators suggested the formation of a potential bull flag pattern near the $120,000 level, with a possible breakout toward $130,000 if key resistances are overcome [9].

Analysts offered mixed views on the near-term outlook. Ted Pillows noted that Bitcoin’s recent performance has lagged behind broader macroeconomic trends, suggesting the asset will eventually align with improving global liquidity [10]. On the other hand, Henry (LordOfAlts) argued that the price pullbacks are part of a larger bullish narrative, pointing to whale activity and the formation of a bullish pennant pattern as positive signals [11]. He also highlighted the fourth test near $114,000 as a potential strategic entry point for long-term investors.

Market data showed Bitcoin’s net realized profit had fallen to $1.4 billion, with the $110,000 level now under close scrutiny as a potential support zone [8]. Large transactions across Bitcoin and Ethereum had declined in recent days, although the number of daily active addresses saw a slight increase [5]. Coinglass reported that over 108,000 traders were liquidated in the previous 24 hours, representing $216.32 million in losses [5].

The broader crypto market mirrored Bitcoin’s downward momentum, with Ethereum, XRP, and Dogecoin all posting declines following the Federal Reserve’s decision to hold interest rates steady [12]. The decision reinforced investor caution, as the market balances optimism over potential rate cuts later in the year against concerns over short-term volatility.

[1] Cointelegraph (https://cointelegraph.com/news/bitcoin-dips-below-115k-as-trump-tariff-order-fails-to-comfort-investors)

[2] CoinCentral (https://coincentral.com/bitcoin-btc-price-falls-below-115k-as-trump-tariff-order-triggers-market-sell-off/)

[3] CryptoSlate (https://cryptoslate.com/altcoins-lead-crash-as-751m-liquidated-in-last-24-hours-as-bitcoin-falls-to-july-low/)

[4] AInvest (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-week-cme-gap-filled-trade-tariff-uncertainty-2508/)

[5] Benzinga (https://www.benzinga.com/crypto/cryptocurrency/25/07/46735480/bitcoin-ethereum-xrp-dogecoin-decline-after-federal-reserve-holds-rates)

[6] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-996017-20250730)

[8] Bitcoinist.com (https://bitcoinist.com/bitcoin-realized-profit-drop-market-absorbs-80k-btc/)

[9] AInvest (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-traces-bull-flag-pattern-120k-130k-target-sight-2507/)

[11] The Currency Analytics (https://thecurrencyanalytics.com/bitcoin/bitcoin-approaches-breakout-zone-as-analysts-urge-caution-ahead-187917)