Crypto markets generally fell, with BTC falling to $113,000 and ETH down 2.43%.

The US ISM non-manufacturing PMI for July fell short of expectations, raising the risk of stagflation. Cryptocurrency markets generally retreated, with Bitcoin (BTC) dropping 0.76% to $113,000. Ethereum (ETH) fell 2.43%, falling below $3,600. Furthermore, the SocialFi sector, after a period of continuous growth, experienced a correction, dropping another 6.04% over the past 24 hours. Within the sector, Toncoin (TON) fell 7.39%.