Bitcoin And Altcoins Drop Abruptly As The Bears Take Control
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This Week’s Summary
- The cryptocurrency market looks set to end the week at a total market capitalization of around $3.69 trillion.
- Bitcoin’s trading value decreased to around $114,000 after a 5% drop.
- Ethereum lost nearly 10% to trade at around $3,500.
- XRP moved down 10%, Solana moved down 14%, and Dogecoin moved down 18%.
- Almost all altcoins have been trading in the red, with very few exceptions.
- The DeFi sector increased the total value of protocols (TVL) to around $141 billion.
Crypto Trends for the Week of July 28 - Aug. 3, 2025: Market Analysis and Performance
The cryptocurrency market's nauseating volatility has returned, as it now appears to be under complete control of the bears. Most cryptocurrencies lost significant value this week, as some even recorded double-digit losses.
Several negative rumors invading the financial markets spurred major liquidations across the board. This movement is one of the many factors influencing the sudden drop in the cryptocurrency sector. Meanwhile, the market capitalization strayed farther from the $4 trillion mark following a $230 billion decrease.
Bitcoin started the week trading at around $118,000. The king of cryptocurrencies even attempted an attack on the $120,000 level. However, it stopped at around the $119,600 mark before its throne started shaking. From there on, BTC joined the market downtrend and never recovered. Over the past seven days, its value dropped as low as $112,000. Recently, it has settled its trading price around the $114,000 mark.
Ethereum lost its positive momentum after a three-week surge. The second crypto in command failed to reach the much-coveted $4,000 level. Instead, it dropped enough to make that target even more of a mirage. Recently, ETH has been seen trading at around the $3,500 mark.
Altcoins & DeFi
Most altcoins have been trading in the red, with some exceptions. For example, XRP moved down 10%, Solana moved down 10%, Cardano moved down 13%, Avalanche moved down 15%, Sui moved down 21%, Chainlink moved down 15%, Hyperliquid moved down by 13%, and Stellar moved down 11%. On the other hand, TRON rose by 1%.
The memecoins also saw some significant trajectories throughout trading. For instance, Dogecoin moved down 18%, Shiba Inu moved down 13%, and Pepecoin moved down 19%.
The Metaverse sector also witnessed some notable movements over the past week. For instance, Axie Infinity moved down 15%, The Sandbox moved down 17%, and Floki moved down 19%. Meanwhile, Decentraland fell down by 14%, Render fell down by 19%, and ApeCoin fell down by 14%. Stacks decreased by 19%, Virtuals by 25%, and MultiversX by 16%. Additionally, Wemix fell down by 29%.
The DeFi sector lost nearly $9 billion from the total value locked in protocols (TVL), reaching around $132.26 billion.
What’s in the News?
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It is estimated that all the Bitcoin whales now hold 68% of the cryptocurrency’s total supply.
Next Week’s Crypto Market Forecast
The bears stopped the cryptocurrency market in its tracks just short of a monumental achievement. Another positive week could have pushed the market capitalization above $4 trillion. That would have been a historic event, potentially triggering an even more spectacular bull run. Unfortunately, the market contracted over the past seven days, resulting in losses across the board. Hopefully, the trend will reverse next week.
About the Author
Born and raised in Romania, and currently living in Spain, Iulian discovered a knack for writing from a tender age, and he even won some minor awards for fiction that didn't pay much.
Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports. His dream is to see Bitcoin reach $100,000 just so he can tell his friends “I told you so."
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