Key Takeaways
- Bitcoin’s worth trades round a key demand zone of $113,000 as bulls might commerce to new highs or break decrease.
- Ethereum’s worth might see a possible worth commerce into key ranges of $3,000 as bulls intention to build up extra.
- The overall market sentiment stays bullish throughout the crypto market regardless of the market struggling a decline.
Within the final 24 hours, the cryptocurrency market has witnessed large market liquidations following key macroeconomic occasions, such because the Federal Open Market Committee (FOMC), affecting the market worth motion of prime crypto property by market capitalization.
Prime crypto property corresponding to Bitcoin, Ethereum, Solana, and XRP noticed costs crash in the direction of key help zones after closing highs for the primary time in months. Following such market worth motion for these property, crypto specialists have insisted there are not any worries concerning the general market potential as the value stays bullish long-term.
How has the crypto market reacted to the current worth decline after a much-needed bounce from crypto altcoins?
Crypto Market Sentiment and Response
Market Response to Dump – Supply Quantifycrypto
In accordance with knowledge from Quantifycrypto, the crypto market witnessed a pointy decline throughout crypto property on Friday, August 1, 2025, following the information of a brand new Trump tariff warfare for a lot of nations, together with a 50% tariff for Canada, which sparked a decline in worth throughout the market.
Regardless of the crash in costs, prime crypto specialists and buyers imagine this can be a minor setback on the again of sturdy bullish expectations within the crypto area, as the value might bounce shortly to potential new worth factors within the coming days if key crypto asset ranges maintain.
Allow us to analyze some worth evaluation of prime crypto property regardless of the market crash and what knowledgeable merchants are saying in regards to the current worth crash.
Bitcoin (BTC) Value Evaluation
Supply – BTC 1D Value Chart by AshCrypto on X
The value of Bitcoin on the every day timeframe appears sturdy as the value trades above the important thing help zone of $113,000, following this area being flipped from resistance to help, as the value of Bitcoin can be in search of a fast worth bounce to the upside.
If the value of Bitcoin fails under this level, we might see the value crash shortly to decrease zones; nonetheless, the value of BTC defends this zone in the meanwhile, with bulls having the higher hand to push the value greater.
Ethereum Value Evaluation
ETH Value Evaluation – Supply Marzell on X
In accordance with the highest crypto knowledgeable on X, the value of ETH confronted sturdy worth rejection following its rally in the direction of $3,900, as the value might commerce into the important thing stage of demand round $3,000, as he expects a bullish worth response in the direction of a excessive of $4,000 to $5,000.
Present market response for Solana (SOL) and Ripple (XRP) stays bullish regardless of costs buying and selling in the direction of $166 and $2.96, respectively. However key focus stays on BTC and ETH as a powerful rally to the upside might spark a market bounce for these crypto property.
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