According to CoinMeta, on July 31st, Bitcoin ( BTC ) fell by nearly $3,000 in 12 hours, hitting a low of $62,369, with the monthly gain shrinking from 10% to 4.5%. The total market value of the market dropped from $1.3 trillion to $1.26 trillion. The weakening momentum from the Federal Reserve led to intense volatility in Bitcoin trading on the last day of July, with traders losing approximately $100 million.