Crypto Slips in August, Wiping Out July's Gains
Cryptocurrencies slid on the first day of August due to economic concerns
Bitcoin dropped 3.7% to $63,144, and Ether fell 5% to $3,099
Crypto stocks like Coinbase and MicroStrategy lost 5% and 6%, respectively
Marathon Digital tumbled 7%, and Riot Platforms fell 5.5%
Recent data increased concerns about a recession, impacting crypto prices
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