According to BitMart's August 1st market report, the total cryptocurrency market capitalization reached approximately $3.77 trillion, down 3.04% from the previous day. The cryptocurrency market signaled a bearish outlook today, as the White House's new round of global tariffs sparked market panic. BTC briefly fell to $115,000. Despite breaking below the $116,000 support level, it remained range-bound between $115,000 and $121,000. Yesterday, BTC ETFs saw a net outflow of $133 million. Ethereum (ETH) followed BTC's trajectory, falling 3.7% despite holding support at $3,700. Yesterday, the ETH ETF saw a net outflow of $1 million. Altcoin markets collectively declined, with the Fear and Greed Index temporarily at 57. BitMart X Insight data shows extremely optimistic market sentiment (index 99), with the SEC's "Project Crypto," active institutional investment, and tokenization trends driving BTC/ETH's strength, reflecting significant regulatory support. Cryptocurrency social media is active, with an average SSI near 70. Market alerts are extremely high, led by XLM, with prices of the top ten cryptocurrencies generally falling. Investors are advised to be wary of overheated and high volatility markets.