• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
bitcoin btc btcusd crypto

Crypto Market Plunges Nearly 6% as Trump’s Tariffs and Fed Policy Shake Investor Confidence

James Halver
by James Halver
2 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The global crypto market took a sharp downturn on August 1, dropping nearly 6% in 24 hours, as investor sentiment soured amid escalating U.S.–China trade tensions and uncertain Federal Reserve policy.

Related Reading: Cardano Founder Hails ‘Most Advanced Stablecoin Ever Built’

The sell-off wiped billions from crypto valuations, with Bitcoin falling to $114,322 and over $577 million in long positions liquidated, according to CoinGlass data.

crypto bitcoin btc btcusd

BTC's price records a slight decline on the daily chart. Source: BTCUSD on Tradingview 

Trump’s Tariffs Spark Crypto Panic

President Donald Trump’s announcement of aggressive new tariffs, ranging from 10% to 50% on imports from over 60 countries, stunned global markets.

Canada was hit with a steep 35% rate, while Southeast Asian countries like Laos and Myanmar saw 40% tariffs, stoking fears of a broader trade war. Investors rushed to reduce exposure to high-risk assets, sending both equities and cryptocurrencies tumbling.

Cryptos, which initially benefitted from expectations of regulatory clarity, quickly turned south as macroeconomic uncertainty overshadowed optimism. The Federal Reserve’s stance to maintain rates while signaling possible economic stagnation further weakened confidence in digital assets.

Massive Liquidations Hit Bitcoin and Ethereum

The crypto crash was intensified by overleveraged positions. Ethereum led the liquidation tally with $168.9 million, while Bitcoin saw $144 million in long positions wiped out.

Traders were forced to exit en masse, triggering a cascade of sell orders that accelerated the decline. Altcoins like Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) also recorded losses between 5% and 8%.

Pudgy Penguins (PENGU) and Sui (SUI) were among the hardest, dropping by 14% and 10% respectively, hit due to insider token movements and derivative liquidations, adding to market stress.

Regulatory & Economic Headwinds Ahead

The sell-off depicts how crypto remains deeply tied to global financial trends. As inflation concerns and interest rate pressures grow, analysts warn of further volatility unless Bitcoin reclaims support above $116K.

Related Reading: Visa Expands Stablecoin Ecosystem To Include PayPal, Circle

Attention now turns to upcoming U.S. jobs data, which could influence whether the Fed leans dovish in its next policy meeting. For now, digital assets are trading more like traditional risk assets, showing the market’s need for clearer regulation and economic stability.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
James Halver

James Halver

Follow

Full Profile

Related Posts

Bitcoin Hyper Nears $25M: The Layer-2 Solution That Could Help Bitcoin Break Its Own Limits

Bitcoin Hyper Nears $25M: The Layer-2 Solution That Could Help Bitcoin Break Its Own Limits

2 minutes ago
Solana crypto market analysis

Το Solana ξεπερνά τα $192 – Νέο ράλι στον ορίζοντα καθώς τα meme coins όπως το $SNORT εκτοξεύονται

1 hour ago
Gold’s $1.75T Crash Sparks Talk of Capital Rotation – These Could Be the Best Crypto to Buy

Gold’s $1.75T Crash Sparks Talk of Capital Rotation – These Could Be the Best Crypto to Buy

1 hour ago
stablecoins

Τα stablecoins εκτοξεύονται στα $316 δισ. την ώρα που το Tether φτάνει τα 500 εκατ. χρήστες: Είναι το $BEST η καλύτερη crypto ευκαιρία τώρα;

3 hours ago
Stablecoin

Challenges In Stablecoin Law Stalls Senate’s Progress On New Crypto Bill – Report

3 hours ago
What Are the Next Crypto to Explode as Coinbase Claims ICOs are the Next Big Thing?

What Are the Next Crypto to Explode as Coinbase Claims ICOs are the Next Big Thing?

3 hours ago

Premium Sponsors

Press Releases

  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    2 hours ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    4 hours ago
  • 挖 1 枚比特幣耗電可供 61...

    5 hours ago
  • KCEX стартира бонус за търговия от...

    1 day ago
  • โปรโมชั่นโบนัสสำหรับผู้ใช้ใหม่จาก KCEX แจกสูงสุด 21,000 USDT

    KCEX จัดหนัก!...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.