Crypto price today: Bitcoin slips below $116,000 amid liquidations; Solana, XRP fall up to 5%
ADVERTISEMENT Bitcoin's decline below the $116,000 mark sparked heavy long liquidations. According to Riya Sehgal, Research Analyst at Delta Exchange, the market saw $721 million in total liquidations over the past 24 hours, with long positions accounting for $567 million. 'The drop from $119,000 to below $116,000 triggered cascading liquidations, particularly in the $117,000–$120,000 zone,' she said. A liquidity buildup between $113,000 and $115,000 could now offer short-term support.
Edul Patel, Co-founder and CEO of Mudrex, said that while broader macro sentiment has improved due to progress in U.S.-Japan and U.S.-EU trade talks, Bitcoin continues to face resistance near $120,000. 'A sustained move below $115,300 could take BTC down to $110,000 before any relief rally,' he noted.
According to Vikram Subburaj, CEO of Giottus, Bitcoin may be entering a short-term correction. 'Momentum is fading, and a hidden bearish divergence with RSI points to weakness. The unfilled CME gap between $114,200 and $115,600 could attract price action,' he said. Subburaj added that profit booking and thinning liquidity are weighing on near-term sentiment.Bitcoin ETFs saw net inflows of $226.7 million on July 24 after three straight sessions of outflows, suggesting cautious re-entry by institutional investors. However, CoinSwitch Markets Desk noted that CME open interest fell over 5% in the last day, indicating that some big players may be paring back exposure. 'Meanwhile, retail participation continues to rise — a trend that often signals increased volatility,' the firm said.Ethereum remains relatively stable, with over 20 consecutive days of ETF inflows. Still, the network faces over $2.3 billion in ETH waiting to be unstaked, with delays extending beyond 11 days.
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Altcoins largely followed Bitcoin's lead. Solana dropped 4.7%, Dogecoin fell 4%, XRP was down 1%, and Cardano slipped 1.1%. Tron was the exception, posting modest gains. Bitcoin dominance posted a green candle on the weekly chart for the first time in four weeks, reflecting a shift back toward BTC.
Looking ahead, traders remain cautious as the U.S. is set to reimpose tariffs starting August 1. The move could trigger another wave of selling across risk assets, including cryptocurrencies.
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Time of India
7 hours ago
- Time of India
Bitcoin slips below $115,200 as U.S. tariffs rattle markets; Ethereum, Solana, Dogecoin fall up to 8%
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Crypto darling XRP under pressure, price dips below $3 - what's causing the drop, is a massive selloff coming?
XRP price drop below $3 has shocked investors, triggering fresh concerns about a potential massive selloff. The crypto darling lost over 8% in just 24 hours after facing resistance near $3.17 and heavy insider and whale selling. Ripple co-founder Chris Larsen's $175 million XRP movement raised more red flags, while profit-taking and weak market sentiment added pressure. Still, strong support at $2.94 could protect it from deeper losses. Analysts see a possible rebound if XRP closes above $3 soon. Is this a correction or the start of something bigger? XRP price drops below $3 after heavy selling by whales and Ripple insiders. With support near $2.94 under threat, investors are watching closely. Will XRP rebound or crash further? Explore the technical breakdown, long-term forecast, and insider activity in this data-backed crypto market update. Tired of too many ads? Remove Ads Why did XRP fall below $3? Here's what's really driving the drop 1. XRP faced strong resistance and failed to break out 2. Whales and insiders are offloading XRP Tired of too many ads? Remove Ads 3. Profit-taking near peak levels added to the pressure 4. Broader crypto market weakness played a role Is a massive XRP selloff coming next? What is the short-term XRP price prediction? Support zone to watch : $2.94–$2.95 : $2.94–$2.95 Immediate resistance : $3.02–$3.05 : $3.02–$3.05 If XRP can reclaim and close above $3.03 , analysts say a short-term bounce toward $3.23 and possibly $3.82 could unfold. , analysts say a short-term bounce toward $3.23 and possibly $3.82 could unfold. But if sellers continue to dominate, we may see a drop below $2.80, especially if Bitcoin and the broader market weaken. What is the long-term outlook for XRP in 2025 and beyond? If XRP closes above $3.03 monthly , it could signal the start of a major uptrend , with potential price targets between $7 to $11 in the next few months. , it could signal the start of a , with potential price targets between in the next few months. Certain long-term technical models project XRP reaching as high as $24 , especially if global crypto adoption increases and Ripple's ecosystem continues expanding. , especially if global crypto adoption increases and Ripple's ecosystem continues expanding. However, this bullish scenario depends on XRP holding above key support levels, avoiding further insider dumping, and a general return of bullish momentum across crypto markets. Should you be worried or stay calm? Tired of too many ads? Remove Ads Short-term traders should watch for signs of stability above $2.94. should watch for signs of stability above $2.94. Long-term investors may view this dip as a buying opportunity if the fundamentals and technicals improve. may view this dip as a buying opportunity if the fundamentals and technicals improve. The key to watch now is whether XRP can reclaim $3 and build support above that level going forward. FAQs: as the cryptocurrency tumbled over, dropping from a high of $3.17 to around $2.94. The sharp fall came after heavy whale and insider selling, including a $175 million XRP transfer by Ripple co-founder Chris Larsen. High trading volumes and failure to break key resistance added to the sudden fall in XRP's price below the critical $3 mark isn't just about market noise—it's the result of a combination of technical factors, whale activity, and broader market sentiment. Here's what we know:XRP recently attempted to break through the, but failed to gain momentum. After reaching a local high of around, it reversed sharply and dropped as much as. According to Coindesk, this drop was accompanied by unusually high trading volume—almost four times the average—signaling a wave of profit-taking and panic reveals that large XRP holders (whales) and insiders have been selling off massive amounts of tokens. Ripple co-founder Chris Larsen reportedly moved $175 million worth of XRP, with around $140 million landing directly on exchanges. This kind of insider activity tends to spark fears among retail investors, often leading to a chain reaction of thanduring its recent surge to the $3.60+ range. This triggered a wave ofas short-term traders looked to cash out before another dip. This is a common behavior in crypto markets when assets near multi-year decline wasn't isolated. The overall crypto market saw red after renewedtriggered a broader 'risk-off' sentiment. Investors pulled out of volatile assets—including cryptocurrencies—in favor of safer bets, contributing to XRP's now, the pressure on XRP is undeniable—but is this the start of something bigger?While theand high-volume panic dumps point to short-term bearishness, there's also evidence thatare stepping in at current price levels around, trying to defend XRP holds above the key $2.94 support zone, it may avoid a total collapse. But if that level fails, it could trigger a deeper correction toward the. So, while a full-on crash isn't confirmed yet, the risk of further downside remains the coming days to weeks, XRP's next moves will depend heavily on two things:and whether new buyers show up to support the the short-term turbulence, several top crypto analysts remain bullish on XRP's long-term potential. Some even see this dip as a healthy reset before a much larger rally. Here's what they're saying:There's no denying that XRP's recent price drop below $3 has shaken confidence. 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Economic Times
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- Economic Times
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Bitcoin price crash today below $116K has caught investors off guard as the world's top cryptocurrency continues to face pressure from rising U.S. interest rates, weak August seasonality, and tightening crypto regulations. Bitcoin dropped over 3% in 24 hours, slipping from recent highs near $122K to around $115,120 at the time of writing. Bitcoin price has taken a sharp nosedive, slipping below $116,000 today, August 1, 2025, raising concerns across the crypto community. After a strong July run, the world's most popular cryptocurrency is now facing intense selling pressure, fueled by a mix of macro headwinds, regulatory uncertainty, and technical resistance. So, what's causing this unexpected Bitcoin price drop? The biggest trigger for this Bitcoin price decline appears to be a mix of macroeconomic pressure, shifting investor sentiment, and weaker-than-expected momentum. According to data from 10x Research and CoinDesk, August has historically been a tough month for Bitcoin — and the trend seems to be holding true in 2025. The recent fall isn't just random volatility. There are clear signals that seasoned traders and institutions are dialing back risk, especially as the U.S. Federal Reserve holds off on interest rate cuts and maintains a tighter policy stance. The biggest trigger for the Bitcoin price decline came earlier this week when the Federal Reserve kept interest rates steady between 4.25% and 4.5%, but clearly signaled there won't be a rate cut anytime soon. This move disappointed investors who had hoped for easier monetary policy to drive risk assets higher, including cryptocurrencies like Bitcoin. Adding fuel to the fire, strong U.S. job market data released just before the Fed's announcement reinforced the idea that the central bank can afford to keep rates high—bad news for risk-on assets like crypto. High interest rates usually mean investors prefer safer assets, draining liquidity from the digital asset market. August has historically been a tough month for Bitcoin. According to analysts at 10x Research, Bitcoin has shown average declines between 5% and 20% in August over the past 10 years. That trend seems to be playing out again this year. The report also notes that Bitcoin's 30-day capital inflows—a key metric of how much new money is entering the market—have dropped from $62.4 billion to $59.3 billion recently. This decline suggests that fresh buying interest is fading, contributing to the current price slump. From a technical chart perspective, Bitcoin failed to break above the critical Fibonacci resistance level near $122,000. This level had been closely watched by traders as a major breakout zone. When Bitcoin couldn't push through it, many traders started locking in profits, triggering a wave of selling. Now, analysts are watching key support levels between $112K and $110K. A break below this zone could send Bitcoin spiraling further, with some warning of a potential drop to $106K in the coming days if selling pressure intensifies. Bitcoin follows a clear four-year cycle, with explosive bull runs after each halving event, followed by deep corrections. 2011: From cents to $30, then crash From cents to $30, then crash 2013: $1,200 peak, then fell below $200 $1,200 peak, then fell below $200 2017: $20,000 top, down to $3K $20,000 top, down to $3K 2021: $69,000 all-time high, then crash $69,000 all-time high, then crash 2025: Topped near $122K post-halving, now below $116K It often dips in August, with election years bringing added volatility. Investors watch for these repeating boom-and-bust cycles. Another factor weighing on crypto is the rising talk of regulation. A recent White House report on digital assets has renewed discussions about federal oversight of cryptocurrencies. While aimed at protecting investors and preventing fraud, it also introduces uncertainty about how crypto will be regulated in the near future. On top of that, new legislation like the Genius Act, which aims to crack down on illicit crypto transactions, is raising concerns among investors. Any increased regulation—even with good intentions—can reduce investor confidence in the short term. There's also a broader macro concern at play. According to a recent Forbes report, experts are warning about a possible "Fed doom loop" where U.S. debt levels spiral out of control, triggering a dollar crisis. If this scenario plays out, some believe Bitcoin could either crash in the short term or later surge as a hedge against a collapsing financial system. Veteran investor Ray Dalio even suggested allocating 15% of portfolios to alternative assets like Bitcoin and gold, signaling a growing worry about traditional financial stability. But until those fears play out, uncertainty is keeping many investors on edge. Right now, Bitcoin is trading around $115,000, down about 3% from yesterday. It's still up significantly from its lows earlier this year, but the short-term outlook is cautious. Unless Bitcoin can regain momentum and break back above $120K, it may continue to consolidate or even slip toward the $110K zone. A rebound in capital inflows and a shift in Fed policy would be the most likely bullish triggers—but those aren't expected anytime soon. Right now, Bitcoin is trying to hold above the $115K mark, but it's far from stable. Key support sits between $112K and $106K, while resistance remains strong near $122K. If momentum doesn't return soon and inflows continue to shrink, we could see a more extended correction — possibly testing lower zones in the coming weeks. However, if market conditions stabilize and macro trends shift, bulls may find a new entry point and push Bitcoin back toward $125K and beyond. For anyone holding or watching Bitcoin closely, here are the key things to keep an eye on: U.S. economic data , especially inflation and jobs numbers , especially inflation and jobs numbers Federal Reserve meeting minutes and any changes in tone and any changes in tone Crypto regulatory developments , including new legislation or SEC actions , including new legislation or SEC actions Capital inflow data , showing if big investors are buying or backing off , showing if big investors are buying or backing off Support levels, especially around $112K and $106K 1. Why is the Bitcoin price falling in August 2025? Bitcoin is dropping due to Fed policy, seasonal weakness, and slowing crypto inflows. 2. What's the key support level for Bitcoin right now? Bitcoin is testing support around $112K, with risk of dipping below $110K. 3. How is the Federal Reserve affecting Bitcoin prices? The Fed's rate pause and no sign of cuts are making crypto investors cautious. 4. What role does the new White House crypto regulation play? The new report is adding fear and uncertainty around future crypto rules. 5. Should investors worry about the 'doom loop' and dollar crisis? Yes, some experts say it could trigger bigger moves in Bitcoin long-term.
