Crypto Market Update August 1: Bitcoin Drops Below $63,000 as Pi Network, PUMP, Lead Gains

The crypto market is dropping today, August 1, as escalating geopolitical tensions between the US and Iran weigh on market sentiment and trigger an increase in selling pressure. The ongoing drop has also caused $238 million in liquidations per Coinglass data, with 78% of these being long liquidations. However, Pi Network (PI) and Pump Fun