• Macro Tensions & New Tariffs
New trade threats and tariffs: U.S. tariffs kicking in August 1, along with renewed trade friction, have rattled sentiment and weighed on risk assets including crypto .
• Strong U.S. economic data:
Better‑than‑expected GDP and employment figures have reinforced the Federal Reserve’s likely holding of interest rates steady—reducing speculative appetite
• Indonesia’s Crypto Tax Revision
Tax increase effective today: Indonesia doubled its crypto tax rates on August 1, impacting investor sentiment in Asian markets and globally
• Market Metrics (Summary)
Asset Approx. Price 24‑Hour Change
Bitcoin ~$115,400 –2–3%
Ethereum ~$3,670 –4–5%
The total crypto market cap has dropped by hundreds of billions, hovering around $3.8–3.9 trillion as investors take profits and digest these macro‑economic and regulatory headwinds
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