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CoinMarketSar: Cryptoasset market capitalization fell on the back of negative news

Bitcoin and ether are trading below support amid market concerns over the Curve Finance hack and a likely drop in liquidity on the AAVE platform.

As of the second half of Tuesday, Aug. 1, bitcoin had fallen below support at $29,000 and ether $2,000. At the same time, bitcoin and ether show similar dynamics of market value decline on both weekly and daily timeframes in the range of 1.1% to 1.55%.

VTS is trading in a range of c $28,740 to $28,900:

The market value of ether fell to $1 812 at one point, but then stabilized at   $1,863.

Summarizing the first results of trading on August 1, analytical portal CoinMarketCar reports: the capitalization of the global cryptocurrency market is about $1.16 trillion and shows a decrease of 1.54% compared to the last trading day.

The assets of the cryptocurrency project AAVE showed the largest decline. The cost fell nearly 10 percent to $63.9.

According to CoinGlass data, the total volume of positions liquidated by traders over the past 24 hours rose to $93.84 million. $82.14 million of this amount consisted of long positions. In total, the positions of about 35,000 traders were liquidated. 

The day before, it became known that TRON blockchain founder Justin Sun unexpectedly withdrew about $52 million in stablecoins from the AAVE decentralized finance protocol.
withdrew about $52 million in stablecoins from the AAVE decentralized finance protocol, impacting borrowing rates.