As of the afternoon of Tuesday, August 1st, Bitcoin fell below the $29,000 support level and Ethereum was $2,000. At the same time, bitcoin and ether demonstrate similar dynamics of the decrease in market value both on the weekly and daily timeframes ranging from 1.1% to 1.55%.
BTC is trading in the range from $28,740 to $28,900:
The market value of ether fell to $1,812 at the moment, but then stabilized within $1,863.
Summarizing the first results of trading on August 1, the analytical portal СoinMarketСap informs: The capitalization of the global cryptocurrency market is about $1.16 trillion and shows a decrease of 1.54% compared to the previous trading day.
Biggest decline showed assets of the AAVE cryptocurrency project. The cost decreased by almost 10%, to $63.9.
According to the data CoinGlass, the total volume of positions liquidated by traders over the past day increased to $93.84 million. $82.14 million of this amount were long positions. In total, the positions of about 35,000 traders were liquidated.
The day before, it became known that the founder of the TRON blockchain, Justin Sun, unexpectedly withdrew about $52 million in stablecoins from the AAVE decentralized finance protocol, influencing borrowing rates.
Source: Bits
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