Bitcoin Drops Below $115K Amid Market Turmoil
- Main event: Bitcoin drops below $115K amid sell-offs.
- Little reassurance from industry leaders.
- Impact felt across Ethereum and altcoins.
Bitcoin’s price fell below $115,000 on August 1, 2025, amid significant market sell-offs and the announcement of a new tariff order under the Trump administration.
This decline highlights institutional sales, reduced inflows, and macroeconomic pressures, impacting Ethereum and altcoins, with industry leaders providing limited reassurance.
Bitcoin dipped under $115,000 on August 1, 2025, following market-wide sell-offs during reduced capital inflows.
The drop signifies broader market concerns, with diminished investor confidence affecting Ethereum and altcoins as well.
Bitcoin Falls Below $115K Amid Major Sell-Offs
Bitcoin’s value plunged below $115,000 due to significant market sell-offs. This fall is further compounded by lacking reassurance from leaders within the crypto community.
Large-scale BTC sales were confirmed by Galaxy Digital, with 30,000 BTC sold, as institutional and treasury inflows decreased. Markus Thielen from 10x Research noted, “Time is running short, and despite billions in capital inflows from corporate treasuries, the actual price impact has been surprisingly muted. This raises the possibility that even with continued support, the market may fall short of delivering the kind of upside many are hoping for.”
Altcoins and Ethereum See Double-Digit Declines
The immediate result includes price declines for both Ethereum and several altcoins. Market response was apathetic, with no official reactions from major industry leaders.
The reactions resulted in broad financial shifts, affecting investor sentiment. Many assets faced double-digit losses, indicating widespread market impact.
August Historically Weak for Bitcoin Returns
Historically, August often sees weak monthly returns for Bitcoin. Such price levels have previously triggered increased stress and volatility in crypto markets.
Experts suggest potential market recovery following prior trends, though lack of current liquidity and inflow pressures remain significant concerns.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
