#Crypto Analysis #

The price of Bitcoin has fallen below $115,000 as bears target support at $112,000 amid increasing cryptocurrency liquidations.
Ethereum starts August on an unstable note after the bullish month of July, targeting support at $3500.
The decline of XRP extends below the $3.00 level, supported by multiple bearish technical signals.
Investors in the cryptocurrency market are facing aggressive headwinds on Friday after a bullish July, which saw Bitcoin (BTC) and selected altcoins rise to new all-time highs.

Bitcoin is trading at less than $115,000 at the time of writing this report, slightly up from its daily low of $114,116. Ethereum (ETH) shows bearish indicators after extending its correction from its peak in July at $3,941, retreating towards the support level of $3,500.

Interest in alternative currencies remains unstable, supported by Ripple trading at (XRP) below $3.00 amid a steady rise to a new all-time high of $3.66.
Sharp increase in cryptocurrency liquidation operations as prices decline
Investors in the derivatives market are calculating their losses after falling into macroeconomic traps, starting from the hawkish Federal Reserve to the high tariffs imposed by U.S. President Donald Trump.

Leveraged traders were severely affected, with liquidations in the derivatives market reaching $755 million in the past twenty-four hours. Ethereum topped the list of currencies with the highest liquidations at $226 million, followed by Bitcoin at $180 million, then Solana (SOL) at $44 million, and finally Ripple at $42 million, according to CoinGlass data.

Historically, August has been a downward month, and the current headwinds of the macro economy are unlikely to improve it. According to CryptoRank, August has not seen a rise in Bitcoin since 2021. Optimists are looking to change this trend this year if support remains above $114,000, attracting speculative demand.

Ethereum's performance in August was also bleak, with positive returns dating back to 2021. XRP's performance aligns with the noticeable downward trend in August over the past three years.