The crypto market is off to a shaky start in August.

🇺🇸 With Trump’s new tariffs kicking in, global markets are reeling—and so is crypto.

📉 Bitcoin dropped 3%, sliding below $115K. Ether fell over 5%, and XRP tanked more than 7%.

💸 The broader market (CD20) slumped 6% as the U.S. dollar index surged past 100.

📊 Why? Trump's tariffs (up to 41%) on imports from the EU, Japan, and Canada are fueling inflation fears—pushing the Fed’s core PCE to 2.8%. Now, odds of a September rate cut are down to 38%.

🧠 Bearish bets are rising, especially on ETH. Options traders are hedging downside risk, signaling shaky sentiment.

📅 All eyes on today’s U.S. jobs data—expected to show just 110K new jobs. A weak print could bring rate cut hopes back into play.

🔍 Also Watching:

Aug. 1: Helium (HNT) halving event

Aug. 6: 50% U.S. tariff on Brazil begins

Aug. 7: Major reciprocal tariffs go live

Aug. 15: Next FTX payout record date

NFT market is heating up again, with CryptoPunks leading a $6.4B sector rally

📉

$BTC : $114,962 (-2.92%)

📉

$ETH : $3,619 (-5.94%)

📊 DXY$D

: 100.22

🔮 BTC dominance: 61.98%

👉 Stay sharp—macro risks and tariff tensions are reshaping the crypto landscape.