The cryptocurrency markets continue bleeding out today. Bitcoin\u2019s price dropped to a low of slightly above $113,000 while the majority of altcoins are having it much worse, as it\u2019s almost always the case.<\/p>\n
As seen in the chart below, the price has been in a freefall since wicking to $118,000 on July 31st and has shed more than $5,000 since.<\/p>\n
<\/a>Source: TradingView<\/p>\n Data from Coinglass shows that the total liquidations for the past 24 hours have surpassed $900 million, up more than 300% since yesterday, highlighting the severity of the move.<\/p>\n Naturally, long traders took the bigger hit, accounting for more or less $800 million of the total. Interestingly, ETH is leading the pack in liquidations with around $300 million, at the time of this writing.<\/p>\n As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier, the downturn comes amid severe turbulence in international geopolitics and macroeconomics as Donald Trump continues with his tariffs policy. He imposed an additional 10% tariffs on Canadian goods and slammed 10% on goods imported from every country, aside from the countries that are subjected to higher tariffs.<\/p>\n The drop is not isolated to crypto markets. The S&P 500 is down 1.5% today, the NASDAQ Composite lost 2.16%, while the Dow Jones Industrial Average also lost 1.2%.<\/p>\n The post Bitcoin Price Plummets Toward $113K as Total Liquidations Approach $1 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The cryptocurrency markets continue bleeding out today. Bitcoin\u2019s price dropped to a low of slightly above $113,000 while the majority of altcoins are having it much worse, as it\u2019s almost always the case. As seen in the chart below, the price has been in a freefall since wicking to $118,000 on July 31st and has […]<\/p>\n","protected":false},"author":0,"featured_media":85734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85733"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85733"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85734"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Source: TradingView<\/p>\nData from Coinglass shows that the total liquidations for the past 24 hours have surpassed $900 million, up more than 300% since yesterday, highlighting the severity of the move.<\/p>\nNaturally, long traders took the bigger hit, accounting for more or less $800 million of the total. Interestingly, ETH is leading the pack in liquidations with around $300 million, at the time of this writing.<\/p>\nAs\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier, the downturn comes amid severe turbulence in international geopolitics and macroeconomics as Donald Trump continues with his tariffs policy. He imposed an additional 10% tariffs on Canadian goods and slammed 10% on goods imported from every country, aside from the countries that are subjected to higher tariffs.<\/p>\nThe drop is not isolated to crypto markets. The S&P 500 is down 1.5% today, the NASDAQ Composite lost 2.16%, while the Dow Jones Industrial Average also lost 1.2%.<\/p>\nThe post Bitcoin Price Plummets Toward $113K as Total Liquidations Approach $1 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The cryptocurrency markets continue bleeding out today. Bitcoin\u2019s price dropped to a low of slightly above $113,000 while the majority of altcoins are having it much worse, as it\u2019s almost always the case. As seen in the chart below, the price has been in a freefall since wicking to $118,000 on July 31st and has […]<\/p>\n","protected":false},"author":0,"featured_media":85734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85733"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85733"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85734"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTCUSD_2025-08-01_22-50-36.png\"){kind=link}