Bitcoin Slides to $116K, Ethereum and Altcoins Pull Back — August 1, 2025 Morning Market Recap

Kicking off August, the cryptocurrency market experiences a broad retreat as sellers regain the upper hand across top digital assets:

• Bitcoin (BTC) falls 2.03% to $116,000. Its 24-hour volume rebounds 20.81% to $665.6M, reflecting renewed trading intensity as investors adjust to the new month. Funding rates remain flat at 0%, denoting a neutral stance from derivatives markets.
• Ethereum (ETH) reverses sharply, down 3.63% to $3,700. Volume slides 3.64% to $447.5M, and funding stays subdued at 0.03%—indicating mostly spot-driven selling rather than leveraged liquidations.
• XRP also declines 3.71% to $3.022 despite a 4% bump in volume to $277.7M. The funding rate of 0.33% shows modestly bullish leverage, but the overarching trend is lower as buyers step back.
• Solana (SOL) drops 4.5% to $172.06. 24-hour volume increases by 20.21% to $161.6M, signaling high activity as traders reposition, and the funding rate holds at 0.58%, mirroring moderate speculative interest.

This synchronized pullback comes after several sessions of sideways consolidation and precedes key macro and crypto events anticipated in the coming days. With volumes increasing in some names, traders should keep a watchful eye for signals of either further capitulation or imminent reversal.

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