Bitcoin Falls 3% to $112.6K as Global Crypto Market Sheds $128 Billion

Bitcoin dropped 3%, hitting an intraday low of $112,680 before bouncing back. By 7:30 pm ET, BTC was at $113,375.

Written by: Maham Arslan • Saturday, August 2, 2025 • 1 min read

• Last updated: Saturday, August 2, 2025

Quick overview

Bitcoin dropped 3% to an intraday low of $112,680 before recovering to $113,375.
South Korea's Bitcoin price showed a premium of 0.84% above the global average, indicating rising domestic demand.
Ethereum fell 6.9% to $3,463, while most major altcoins also experienced declines.
The global crypto market cap decreased by 3.39%, losing $128 billion and totaling $3.66 trillion.

Bitcoin dropped 3%, hitting an intraday low of $112,680 before bouncing back. By 7:30 pm ET, BTC was at $113,375. South Korea was once again at a premium—$113,987, 0.84% above the global average—and the Kimchi premium was back after a nearly month long absence.

This premium often means rising domestic demand or region specific regulatory issues. Despite the pullback, Bitcoin is still the king with 61.4% market share.

Ethereum and Altcoins Take Bigger Hits

Ethereum underperformed Bitcoin, down 6.9% to $3,463. Its market share is now 11.4%. Most major altcoins were down:

BNB: -4.8%
XRP: -3.1%
SOL: -6.6%
TRX: -1%
DOGE: -5.6%
ADA: -4.6%

Some altcoins were up:

PUMP: +1.65%
ENA: +0.9%
LEO: +0.2%

But many were down:

HYPE: -10.4%
PI: -8.2%
SPX: -7.8%
CRO: -6.8%
JUP: -7.4%

The global crypto market cap dropped 3.39% or $128 billion to $3.66 trillion.

Bitcoin Price Chart - Source: Tradingview — Bitcoin Price Chart – Source: Tradingview

BTC Technicals: Bearish Structure Below Key Levels

Bitcoin is at $113,717 after breaking below $114,200. The 2-hour chart shows a break below the ascending triangle and the 50-EMA ($116,135) and is below the 100-EMA ($116,938) too.Watch for support at $112,038, $110,615 and $109,111. RSI is at 32, oversold but no bullish divergence. To recover, bulls need to take back $114,500-$116,000 with volume.

Short term bounce possible but overall structure is bearish. Be cautious going into the weekend as macro uncertainty remains.

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ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.