The cryptocurrency markets have experienced a downturn following Bitcoin's inability to maintain its position above the $119,000 threshold. Current prices for major cryptocurrencies stand at $116,606 for Bitcoin, $3,726 for Ethereum, $174.74 for Solana, $3.05 for XRP, $0.2129 for Dogecoin, and $0.00001265 for Shiba Inu. Key data from IntoTheBlock reveals a 7.2% increase in Bitcoin's large transaction volume and a 0.4% rise in daily active addresses, while exchange netflows decreased by 118.3%. Coinglass reports that 121,983 traders were liquidated in the last 24 hours, resulting in losses totaling $395.41 million. Among the top gainers in the past day are Pump.fun (PUMP), Sonic (S), and Toncoin (TON). Notable recent developments include a surge in Robinhood crypto trading volumes in July, insights from Bernstein suggesting it's still early in the bull cycle, Ethereum celebrating its 10th anniversary with a strong July performance that may signal further growth, Ethereum ETFs and treasury companies collectively holding over $32 billion in ETH, and information on Tether's activity. For more details, the full story is available on Benzinga.com.