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CNBC: Crypto Market Enters Turbulent August as Trump's New Tariffs Spark Risk-Off Sentiment

7 days ago

On August 2nd, as per the report by CNBC, the crypto market witnessed a decline on Friday following Trump's announcement of "reciprocal" tariff adjustments for dozens of countries. Bitcoin's price demonstrated relative strength, while Ethereum, XRP, and BNB all underwent minor drops. Bitcoin once dropped to a low of $113,988.47. This decline led to a widespread long liquidation, with traders being compelled to sell assets at the market price to repay debts, thereby further driving down the price. Crypto-related stocks experienced even greater declines. Coinbase took the lead in the decline due to its poor second-quarter performance, falling by 15%; Circle declined by 4%, Galaxy Digital fell by 2%, the Ethereum treasury company Bitmine Immersion dropped by 8%, and MicroStrategy fell by 5%.
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「ETH Whale with 75% Win Rate in Four Battles」 on the Verge of Liquidation, Ethereum Short Position Faces Over $9 Million in Unrealized Losses

On August 8th, as indicated by on-chain data, the "Four-Battle ETH 75% Win Rate Whale" is on the verge of liquidation (with a liquidation price of $4,016.41). Its 15x short position in Ethereum is facing a floating loss of more than $9 million.

5 minutes ago

AguilaTrades's long positions for BTC and ETH are currently showing a combined unrealized profit of $5.11 million.

On August 8th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the total unrealized profit of AguilaTrades' long positions in BTC and ETH is $5.11 million, with ETH accounting for $3.93 million of the profit. BTC: Long with a multiple of 40 and holding 1277.75 coins, with an entry price of $115,968. ETH: Long with a multiple of 25 and holding 20,296.06 coins, with an entry price of $3,783.1.

5 minutes ago

Affected by ETH Breaking $4,000, Stock BMNR Surges Over 14% Intraday

On August 8th, according to the market data from Rockflow, due to ETH breaking through $4000, the stock BMNR witnessed an intraday surge of over 14% and is currently trading at $47.26.

5 minutes ago

Ethereum Breaks $4000 Barrier Again After 237 Days, Reaches New High for the Year

August 8th. According to HTX market data, Ethereum has once again surpassed the $4000 mark after 237 days since December 14th, 2024, reaching a new high for the year.

5 minutes ago

Ethereum Records 2.42% Price Increase in the Past Hour, Nearing the $4000 Milestone

On August 8th, based on HTX market data, Ethereum witnessed a nearly 2.42% hourly increase and approached $4,000. It is currently trading at $3,979.15.

5 minutes ago

Linea Network TVL Surges Over 37% in the Last 24 Hours, Now Standing at $260 Million

On August 8th, based on DefiLlama data, the TVL of the Linea Network has witnessed a surge of over 37% in the past 24 hours and currently stands at $2.6082 billion. Yesterday, the DEX protocol Etherex, which completed its TGE, became the protocol with the largest TVL on the Linea Network. Its current TVL is $96.13 million, representing a weekly increase of 1241%.

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