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Crypto Bloodbath: Bitcoin (BTC) Leads 1.3% Market Drop as CoinDesk 20 Assets Tumble

Crypto Bloodbath: Bitcoin (BTC) Leads 1.3% Market Drop as CoinDesk 20 Assets Tumble

Author:
CoindeskEN
Published:
2025-08-01 13:23:44
14
1

Crypto markets caught a red wave today—no asset was spared.

Bitcoin bled 1.3%, dragging the entire CoinDesk 20 index into the red. The 'digital gold' narrative got a reality check as traders scrambled for exits. Even stablecoins seemed to sweat (figuratively, of course—those pegs better hold).

Meanwhile, Wall Street's algo-traders probably 'hedged' by shorting grandma's retirement fund instead.

This ain't your 2021 bull run—welcome to crypto's 'find out' phase.

9am CoinDesk 20 Update for 2025-08-01: vertical

Leaders: BTC (-1.3%) and BCH (-1.4%).

Laggards: SUI (-5.2%) and NEAR (-4.5%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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