Digital Asset Treasury Firms Decline as Bitcoin Falls Below $117K and ETH Drops to $4.4K
The recent surge in crypto prices reverses quickly as treasury firms face significant sell-offs.

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The recent surge in crypto prices reverses quickly as treasury firms face significant sell-offs.
XLM remains stable within a narrow range, supported by impressive wallet growth and an increasing total value locked, indicating potential upward momentum.
Hedera’s digital asset, HBAR, bounced back from early losses as rising institutional activity reflected in ETF filings and cross-chain projects.
BTC and MSTR record impressive Sharpe ratios, indicating strong performance amidst falling volatility.
A significant sell-off in the cryptocurrency market led to over $1 billion in liquidated positions, predominantly affecting Ether and Bitcoin.
Amid significant sell-offs and liquidations in the cryptocurrency market, XRP faced a notable drop while hints of renewed buyer interest surfaced.

The token's struggle at $0.26 aligns with a broader downturn in the crypto market, which saw the CoinDesk 20 Index decrease by 4%.
ATOM-USD experienced a notable recovery after a mid-day selloff, with robust trading volume and critical support signals at $4.60, indicating renewed confidence amidst a resistance barrier at $4.91.
Ark Invest has acquired over 2.5 million Bullish shares across various ETFs following the company's successful debut on the NYSE, showcasing the firm's strategic investments despite a volatile crypto market.
Uniswap and Stellar experience significant drops in value, impacting the CoinDesk 20 Index as most assets decline.
The U.S. Producer Price Index (PPI) for July increased unexpectedly, raising concerns about future interest rates as investors react by selling off cryptocurrencies.
ICP demonstrated volatility, climbing to a peak of $6.08 before a rapid reversal influenced by market dynamics.

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