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BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

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Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC price action heading lower before a modest comeback into the Wall Street open.

Binance BTC, ETH reserves charts. Source: Ki Young Ju/TwitterBitcoin Historical Volatility Index (BVOL) 1-week chart. Source: TradingView

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