(8/2, Mon) btc fell -3.9% on the first day of August and it should be back to 42k in short time to keep uptrend mood

Yesterday(8/1 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $41439, its lowest as $39364, its highest as $42648, its closing as $39810. Bitcoin attempted to rise after the start of Sunday, breaking through 42k at 03:15, peaking at 03:45 and then starting to decline, breaking down through 42k at 05:00, 41k at 16:15, and even below 40k at 23:15 and ended with a -3.9% decline.

During the last week, btc rose 12.5%, and the dominance rose once to 49.2 , but closed at 47.3, showing altcoins' rising. Ethereum, which hit $2,700 yesterday, rose 16.6% weekly basis, outperforming Bitcoin. On the other hand, on the first day of August, Bitcoin fell -6.7% after reaching a peak in almost two and a half months, and Ethereum also fell -5.8% after reaching a peak in two months, which is not good. For the market to maintain uptrend in August, there should be rebound within a short time.

As a crypto related news, it is said that the rating company, Moody’s, lowered El Salvador rating, maintained the negative outlook partly due to Bitcoin law. As we all know, famous credit rating agencies represent the interests of the United States in the same way as the IMF, it can be understood that Moody's is taking direct action and giving warning on other countries in advance since the US does not want the US dollar to depreciate, just as the IMF criticized El Salvador's acceptance of Bitcoin as legal tender.