Bitcoin

when

Dogecoin

Drops

<a href="https://bitcoinworld.co.in/bitcoin-price-down-10-since-end-of-july-29-dow-also-slips/" title="Bitcoin Price Down 10% Since End Of July 29, DOW Also Slips" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400"><a href="https://coinstats.app/coins/bitcoin/">Bitcoin</a> (BTC) price has declined over 10% since July 29, when the cryptocurrency surged toward $70,000 and reached a two-month high after Donald Trump’s remarks in Nashville.&nbsp;</li> 
 <li style="font-weight: 400">Bitcoin showcased its correlation to traditional markets on Aug. 1 as the cryptocurrency slumped alongside stocks and market indexes.</li> 
</ul> 
Bitcoin (BTC) has declined over 10% since July 29, when the cryptocurrency surged toward $70,000 and reached a two-month high after Donald Trump’s remarks in Nashville. As of this writing, the asset was trading under $63,500. 
<figure id="attachment_78451" aria-describedby="caption-attachment-78451" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-78451" src="http://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-73-483x300.png" alt="" width="597" height="371" srcset="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-73-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-73.png 760w" sizes="(max-width: 597px) 100vw, 597px">
 <figcaption id="caption-attachment-78451" class="wp-caption-text">
 BTC Price Chart | Source: CoinStats
 </figcaption>
</figure> 
&nbsp; 
<h3 id="span-style-font-weight-400-bitcoin-drops-10-in-3-days-span">Bitcoin Drops 10% In 3 Days</h3> 
BTC’s 7% slump in 24 hours coincided with significant drops in the S&amp;P 500 and Dow Jones market indexes.&nbsp; 
Specifically, the Dow Jones Industrial Average fell over 500 points in under an hour.&nbsp; 
Several large-cap stocks, such as Amazon and Nvidia, also slipped on Aug. 1 amid market fears of a U.S. recession, according to analysts from The Kobeissi Letter. 
Volatility in traditional markets and BTC prices also impacted the broader cryptocurrency ecosystem. CoinGecko data showed that the total crypto market cap shed 6%, dropping to $2.3 trillion after a rebound earlier in the week. 
Price swings saw leaders like Ethereum (ETH), Solana (SOL), and Ripple XRP enter a downtrend as capital fled the digital asset industry at press time. 
Per CoinGlass, margin positions were unspared by market volatility. Over 105,480 traders were liquidated, and the downturn wiped out $324 million in leveraged positions. 
Ether longs led crypto liquidations with $72 million, meaning that traders betting on higher ETH prices received margin calls.&nbsp; 
In close second, BTC posted $69 million in long liquidations. SOL, XRP, and Dogecoin (DOGE) were the three most liquidated assets after Bitcoin and Ether. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Bitcoin Price Down 10% Since End Of July 29, DOW Also Slips

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