'Last night in the crypto space was like riding a roller coaster: Trump's new tariff regulations landed, the SEC launched a new chapter of 'Project Crypto', and the White House working group's policy report released ambitions. The market oscillates upwards under multiple signals, yet hides crises—who can steer, and who will capsize? Follow Xiao Ma to explore!'
🔻📉[Crypto Trio: Hidden Momentum]
Bitcoin BTC
Current price: $115,658
24H high: $118,922; low: $114,313
Trend analysis: BTC dropped directly from a high of 118922 yesterday to the first day of the month at 114313, starting to rebound, currently around 115000, with a daily fluctuation of nearly 4%. After testing the upper resistance level again following the July peak, it failed to break through. Market sentiment oscillates between 'macro hedging' and the 'digital gold dilemma', with short-term speculation and long-term layout coexisting.
Driving factors:
US dollar vs. tech stocks struggle: The US dollar index rises slightly, tech stocks like Nvidia rebound, risk appetite warms but is limited;
On-chain data trends: Whale wallets are buying on dips at high levels, on-chain trading volume and active address count slightly rebound;
Regulatory environment expectations: SEC's 'Project Crypto' expected to land with the warmth of the White House report, market observation strategies temporarily pause further increases.
Xiao Ma's commentary: 'BTC today is like walking a tightrope: on one side it wants to float, on the other side it fears a fall—only the bold can earn the first bucket of gold.'
Ethereum ETH
Current price: $3,704
24H high: $3,878; low: $3,616
Trend analysis: ETH also dropped straight from a high of 3878 to 3616, after building a bottom at the low of 3616, it began to rebound to around 3700, with a daily fluctuation of up to 7%. Video accounts, NFT popularity, and DeFi activity resonate, bringing a short-term upward momentum beginning to weaken.
Driving factors:
Technical upgrade expectations: The market has strong expectations for future sharding and Layer 2 scaling, expecting Gas fees to continue to decline;
Ecological dividends reappear: DeFi lending and NFT secondary market transaction volume warms up, stimulating ETH demand;
Market linkage: ETH is highly sensitive to BTC performance, Bitcoin's support continues, helping Ethereum to rebound together.
Xiao Ma's commentary: 'ETH's last wave was like riding a rocket: once launched, it surged up quickly, but it could cut off at any time; quick entry and exit are safe.'
Binance Coin BNB
Current price: $784
24H high: $814; low: $774
Trend analysis: BNB also fell from a high of 814 on the last day of the month to 774, finding support at $774, with a daily fluctuation of about 5%. Despite platform maintenance and liquidity small incidents increasing uncertainty, overall ecological activity and the buyback and destruction festival still provide resilience to BNB.
Driving factors:
Platform dynamics: Binance Launchpad's new project starts, user interaction and trading volume slightly rebound;
Buyback and destruction: Binance's quarterly buyback and destruction plan is progressing as scheduled, reducing circulating supply;
Market sentiment: Investors have expectations for platform compliance progress, short-term selling pressure is controllable.
Xiao Ma's commentary: 'BNB today is like coffee with sugar: the bitterness remains unchanged, but the aftertaste is sweeter.'
🌏🤝 Political and economic three strikes: The overall situation sets the direction
📣 1. Trump implements large-scale import tariffs
News highlights: Starting from midnight on August 1, President Trump signed an executive order imposing reciprocal tariffs of 10%–41% on goods from 92 countries including Canada, India, and Taiwan, with tariffs on Canadian automobiles and energy products raised to 35%, triggering global trade turmoil.
Impact on the crypto space:
Safe haven attributes strengthened: Global trade frictions escalate, increasing safe haven demand pushes up BTC and other digital gold attributes;
Changes in capital flow: Some capital shifts from traditional markets to crypto assets to diversify geopolitical risks;
Short-term selling pressure: Trade uncertainties may trigger liquidity tightness, leading to short-term price corrections.
Xiao Ma's commentary: 'Tariffs are like a sudden lightning rain, waking up those who only care about rising prices; everyone has to find a shelter—digital assets might be the umbrella.'
📣 2. SEC launches 'Project Crypto' fully embracing crypto
News highlights: SEC Chairman announced the 'Project Crypto' plan in a speech at the 'America First Policy Institute', which will rewrite digital asset rules, clarify regulatory boundaries for ICOs, stablecoins, and tokenized securities, promoting issuance and trading in the US.
Impact on the crypto space:
Regulatory clarity improves: Clearly define which tokens are securities and which are commodities, reducing legal gray areas;
Market expansion: More projects and institutions are expected to be willing to issue and trade in the US market, bringing long-term liquidity;
Short-term volatility: Before the details of the rules are implemented, the market may show a wait-and-see sentiment, with increased volatility.
Xiao Ma's commentary: 'The SEC's operation this time is like drawing boundary lines on a chaotic racecourse—everyone knows where they can run and where they must stop, but they first need to learn to see the rules.'
📣 3. The White House working group releases a digital asset regulatory blueprint
News highlights: The Presidential Working Group (PWG) submitted a 160-page digital asset policy report on July 30, proposing recommendations including 'strategic Bitcoin reserves', stablecoin accounting standards, and inter-agency regulatory frameworks, aiming to make the US a global center for crypto innovation.
Impact on the crypto space:
Medium to long-term benefits: If the blueprint lands, it will provide institutional guarantees for compliant ETFs, stablecoins, custodial services, etc.;
National team's entry: If strategic Bitcoin reserves are included in foreign exchange reserves, it may significantly increase BTC's market cap ceiling;
Implementation risk: Legislation and regulatory execution require time, uncertainty remains short-term.
Xiao Ma's commentary: 'The blueprint is like a luxurious carpet, paving the bridge to the future, but who will pull the funding cart still depends on the subsequent execution strength.'
📉🤯 Macro barometer: Nasdaq · Gold · Crude oil
Nasdaq Composite Index
On July 31, closed at 21,129.67 points, up 0.24%, tech stocks and AI themes slightly rebounded, providing marginal support for risk assets.
Gold (XAU)
On August 1, early morning approximately $3,280/ounce, slightly pressured by the rebound of the US dollar index and trade frictions, with limited safe haven demand.
Brent crude oil
On August 1, approximately $73.10/barrel, OPEC+ production increase expectations intertwine with global demand recovery, oil prices remain strong.
Xiao Ma's commentary: 'The Nasdaq looks like it has taken stimulants, gold is slightly hiccuping, crude oil has risen a bit—while the crypto space dances with swords in the wind, showcasing its true colors.'
🎯 Xiao Ma's investment guide
BTC: Fluctuating in the range of 114k–119k; can accumulate in batches at 114k, increase positions after breaking 119k;
ETH: Range of 3600–3900; can enter positions lightly at 3620, if it stabilizes above 3800, can look towards 4000;
BNB: Range of 770–815; can accumulate at 780, hold until 850 after breaking through 814;
Key themes: Safe haven demand, compliance ETF landing, stablecoin regulation;
Hedging strategy: It is recommended to hold 10%–15% gold or high-grade stablecoins to guard against dual disturbances from trade and policy.
⚠ Risk control reminder
Trade frictions escalate: The impact of Trump's tariffs is still fermenting, short-term liquidity may be tight;
Regulatory implementation uncertainty: SEC and PWG blueprints need to be gradually implemented, the details of the rules affect volatility;
Emotional trading risk: Major events are frequent, do not blindly chase highs, it is recommended to build positions in batches and take profits.
🗯 Today's crazy talk
'When the tariff stick and new regulatory rules come together, the crypto space stands at a crossroads: to the left is a safe haven, to the right is an innovative high ground, which path do you dare to rush down?'
💬 Comments section erupts with questions
'Do you think 'strategic Bitcoin reserves' will become a reality? How high will it push BTC?'
