The cryptocurrency market faces a sudden revision today on August 1, 2025. Bitcoin (BTC) has fallen below the $115,000 level. Dogecoin (Doge) and Cardano (ADA) also tracked DIP, falling 8% over the past 24 hours. According to Dogecoin data from Coingecko, Doge prices have fallen by 8.3% on daily charts and 9.4% on weekly charts. Meanwhile, the ADA fell 8% on the daily chart and 8.6% the previous week.
Are we in the bear market as a dip for Dogecoin and Cardano?
According to Coinglass liquidation data, the cryptocurrency market has faced liquidation worth $756.86 million over the past 24 hours. The market rose after the SEC announced its “project cryptography” initiative to make the US a global crypto superpower. However, the meeting was short-lived. Bully news followed by sales of the entire market. Doge, ADA and the larger crypto market have faced massive pullbacks over the past 24 hours.
The DIP could be due to the Federal Reserve decision to ensure interest rates do not change. The Federal Reserve also warned of slower economic growth in the United States. Market participants may have read the development as the Federal Reserve may not be able to cut interest rates for several months. On the contrary, the Federal Reserve could raise prices to combat slow economic growth. Doge, ADA and other cryptocurrencies are one of the most dangerous assets in the financial sector. Retail investors may take a step back from risky investments when borrowing is difficult.
Dogecoin (Doge), a memecoin, is even more risky than other crypto assets. Doge prices may require be hits over the next few days. As ETFs surge, the market can see a reversal. The influx of ETFs was significant at last month’s market rally. A similar pattern could reappear in August.
