Bitcoin falls 3%, extending the sell-off 📉 Double bottom in sight?

Bitcoin plunged to around $61,000 today before attempting to stabilize in the $63,000–$64,000 range amid fading momentum across the cryptocurrency market. Looking at the daily RSI, which has fallen to 19, the market is already showing signs of extreme oversold conditions and exhausted buying pressure. On the other hand, the previous two major downside impulses were significantly larger and each resulted in corrections of roughly 40%. If a similar scenario were to unfold this time, a natural downside target would emerge near the $50,000 level. Nevertheless, there is still a chance that bulls will defend the technically important support zone around $60,000, where previous price reactions have occurred. A decisive break below this level may not come easily and would likely require strong conviction that a deeper bear market is returning.

Key Takeaways

Over the past 24 hours, Bitcoin has lost nearly 8%, with its price falling by more than $5,000 from the daily high.
The decline brought BTC close to the psychologically important $60,000 threshold and erased weeks of prior recovery.
Bitcoin is currently trading roughly 50% below its all-time high of $126,000 reached in October 2025.
Market pressure has been amplified by institutional outflows—particularly from Bitcoin ETFs—alongside leveraged position liquidations and rising geopolitical concerns.
Sentiment was further weakened by news that Strategy sold 32 BTC for approximately $2.5 million.
While insignificant relative to the company's holdings of more than 818,000 BTC, the transaction was symbolically important as it marked the first disclosed reduction in its Bitcoin position in years.
The sale was carried out to finance dividend payments on STRC preferred shares, which carry a variable annual yield of 11.5%.
Following the announcement, Bitcoin dropped below $72,000, while Strategy shares declined nearly 6% on the same day.
The market’s main challenge remains weak spot demand and limited investor interest, as capital has increasingly shifted from cryptocurrencies toward equities and the AI-driven investment theme.

Bitcoin chart (D1 timeframe)

Source: xStation5

3 August 2026, 6:48 PM

Daily summary: Sense of relief to global markets🎢 OIL prices dip 8%🚨

3 August 2026, 3:03 PM

BREAKING: US ISM Manufacturing - Strong Beat Across the Board

3 August 2026, 1:20 PM

Eurozone PMIs: German Factory Revival Masks Underlying Stagnation 🇪🇺

3 August 2026, 11:48 AM

Wall Street rebounds as Q2 earnings season significantly exceeds investors expectations

Crypto

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days