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Altcoins lead crash as $751M liquidated in last 24 hours and Bitcoin falls to July low

Fear and greed index tumbles to 'neutral' as Bitcoin's $114,000 dip sparks liquidation wave.

CryptoSlate

Aug 1

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Happy Friday!

A sharp market selloff rattles the crypto world as altcoins take the lead in a $751 million liquidation sweep, sending Bitcoin to its lowest level since July and shaking investor sentiment. Meanwhile, innovation charges onward: Algorand unveils a bold roadmap to put more power in user hands and tap an $18.9 trillion token economy, the SEC launches "Project Crypto" with ambitions to put US markets on-chain, and the Philippines bets on Polygon to secure public records using blockchain. Dive into today's key headlines to stay ahead in this evolving landscape.

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The global crypto market cap is $3.75 trillion, with a 24-hour volume of $202.36 billion. The price of Bitcoin is $115,267.99, and BTC market dominance is 61.1%. The price of Ethereum is $3,614.78, and ETH market dominance is 11.6%. The best-performing sector is Cannabis, which gained 10%. The Crypto Fear & Greed Index is currently Greed (65).