Bitcoin slips below $63,000 to a two-week low as weak Coinbase earnings and fading optimism weigh on sentiment

August 1, 2026

Bitcoin fell below $63,000, its lowest in two weeks, as sentiment weakened. Coinbase earnings and fading optimism about U.S. crypto legislation impacted market sentiment. Major altcoins like XRP and Solana also saw corrections, while BNB and Cardano experienced gains. Global crypto market capitalization decreased, reflecting investor caution and mixed institutional flows. Traders are monitoring macro signals and Fed commentary for future market direction.

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