[LIVE] Crypto News Today: Latest Updates for August 01, 2025 – Crypto Market Sinks 7%, Bitcoin Drops to $115K Amid Renewed Tariff Tensions

2025-08-01 04:33:45

Main Idea

The crypto market experienced a significant downturn on August 01, 2025, with Bitcoin dropping to $115K amid renewed global tariff tensions, while Coinbase announced plans to increase its Bitcoin holdings and expand services.

Key Points

1. The overall crypto market dropped 7%, with Bitcoin briefly falling to $115,000 and Ethereum down 3.7%.

2. Coinbase reported purchasing 2,509 BTC in Q2 2025 and plans to expand its services, including offering tokenized stocks.

3. The market downturn was triggered by new global tariffs announced by the White House, causing widespread market jitters.

Description

Crypto market is flashing bearish signal today as a new round of global tariffs from the White House sends jitters across all markets. The overall crypto market is down 7%, with Bitcoin briefly dropping to $115,000. Ethereum is holding the $3,700 support level but is still down 3.7%, while Solana has slipped 4.5% to $172. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for August 01, 2025 – Crypto Marke...

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Industry Talk Bitcoin Ethereum Market

$ETH

$3481.39

-6.50%

$SOL

$162.21

-6.28%

$BTC

$113303.7

-2.51%

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