Why is crypto down today? Liquidations hit $629M BTC, ETH, XRP dip

A broad sell-off hit the crypto market on the first day of August, with total market capitalization falling 6.6% to $3.8 trillion amid macroeconomic tensions. Bitcoin (BTC) fell 2.4% to $115,354, while Ethereum (ETH) declined 4.1% to $3,702. Solana (SOL),…