Crypto Markets Pull Back amid Macro Worries
Large-cap crypto assets struggled to hold gains after a strong July, weighed down by weak U.S. jobs data and tariff uncertainties.
Following a strong July, crypto markets dipped on Friday, Aug. 1, as U.S. tariff developments and disappointing jobs data dampened investor sentiment.
Bitcoin (BTC) slipped below $115,000 today, after hitting a mid-July peak and recording a new all-time high of about $122,800. The top cryptocurrency is consolidating between $114,000 and $116,000 today as momentum from its rally this month fades and ETF inflows cool amid macro uncertainty.
Still, Bitcoin closed July with an 8.1% monthly gain, marking its highest monthly close ever, above $116,300, according to…
