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From Donald Trump to Eric Trump, from price prediction to blockchain tracking, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
5:00 am: Bitcoin Falls Below $113K, Ethereum Under $3,500 as $368M in Liquidations Hit Market
Bitcoin fell to $112,613 while Ethereum dropped to $3,404 in the past 24 hours, triggering $368.17 million in total crypto liquidations, data from CoinGlass showed.
- The largest single liquidation was a $2.58 million SOLUSDT position on Binance. ETH accounted for the most liquidations at $116 million, followed by BTC at $54 million and XRP at $38.5 million.
- A total of 114,188 traders were liquidated, with 84% of losses hitting long positions.
Analysts said the breakdown below key support levels –$118,859 for BTC and $3,500 for ETH — triggered the move.
Broader macro concerns, including U.S. tariffs and Fed rate uncertainty, continue to pressure high-beta crypto assets. Despite the drop, technical indicators such as RSI and EMA still show longer-term bullish bias, though momentum appears to be fading.
6:00 am: Arthur Hayes Warns of Q3 Macroeconomic Pain, Dumps Over $13M in Crypto Holdings
BitMEX co-founder Arthur Hayes said the effects of the U.S. tariff bill will begin to weigh on the global economy in Q3, as markets brace for tighter conditions following the latest non-farm payroll data.
- Hayes warned that no major economy is creating credit fast enough to sustain nominal GDP growth, and forecasted a market correction that could see Bitcoin test $100,000 and Ethereum fall to $3,000.
According to on-chain data from Lookonchain, Hayes recently sold significant portions of his crypto holdings: 2,373 ETH ($8.32 million) 7.76 million ENA ($4.62 million), and 3.886 billion PEPE (~$414,700) over the past six hours.
7:00 am Eric Trump Urges Investors to “Buy the Dip” in Bitcoin and Ethereum
Eric Trump, son of U.S. President Donald Trump, has echoed a bullish message for investors: Buy the dip. He shared these remarks via X on August 2, 2025, as Bitcoin and Ethereum faced sharp declines.
Past performance data shows mixed reactions: following a similar tweet on February 4, Ethereum initially fell nearly 37% in the subsequent weeks before rallying 30% over five months.
Stories will be updated throughout the day: Eric Trump Urges Investors to Buy The Dip | Live Crypto Updates | Aug. 03, 2025
What else is happening in Crypto Philippines and beyond?
