Bitcoin.com
Bitcoin Traders Lose $100M as BTC Drops $3K in 12 Hours
July 31, 2026•03:28 PM
Bitcoin plunged nearly $3,000 on July 31, with traders losing approximately $100 million in just 12 hours. The cryptocurrency hit an intraday low of $62,369, reducing its monthly gain from 10% to just 4.5%, while market capitalization plummeted from $1.3 trillion to $1.26 trillion. The sudden volatility occurred as Federal Reserve momentum appeared to fade, causing panic among investors. This significant drop highlights the unpredictable nature of the cryptocurrency market, where rapid price movements can result in substantial losses for traders. Despite the decline, Bitcoin still maintains positive monthly gains, though market confidence may have been shaken by this event.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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