Crypto Downtrend Continues With Bitcoin at $7,680 in Weak Recovery Attempt

On August 1, the valuation of the crypto market fell to $270 billion as the price of Bitcoin declined by more than 7 percent from $8,300 to $7,500.

Over the past 24 hours, Bitcoin and other major digital assets have slightly rebounded, adding $3 billion to the valuation of the crypto market. However, the expected short-term recovery from yesterday’s $30 billion drop failed to add a significant amount of volume and demand to the market, and another drop is more likely than a recovery in the next few days.