Updated at 7:30 AM on August 1, 2025 (Vietnam time), the cryptocurrency market is engulfed in red as it witnesses a significant decline.

The price of the world's largest cryptocurrency, Bitcoin, has fallen to $114,833, a decrease of 2.71%, reducing the market capitalization to $2.29 trillion.

In the short term, if selling pressure continues to dominate, the price of Bitcoin may correct further down to the range of $111,000–$115,000 to absorb liquidity from long positions. Conversely, the most positive scenario for buyers would be the emergence of strong demand at the $111,000 level, creating momentum to rise back above $116,000.

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@$BTC