The cryptocurrency market experienced a collective decline at the beginning of August 2025, driven by new U.S. tariffs that sparked investor concerns. Here are the key developments¹ ²:
- *Bitcoin Decline*: Bitcoin fell by 3% to around $113,818, marking its lowest levels in three weeks. This decline comes just weeks after hitting its all-time high of $123,200 on July 14.
- *Ethereum Decline*: Ethereum saw a sharp drop of 5.43%, reaching $3543, within a broad correction affecting most major digital assets.
- *Crypto Stocks Decline*: Stock markets associated with cryptocurrencies were affected by recent declines, with Coinbase shares dropping by 16% following a second-quarter earnings report that fell short of expectations. Shares of Circle, Galaxy Digital, and Bitmine Immersion fell by 8.4%, 5.4%, and 7.4% respectively.
- *Official Statements*: The U.S. administration attempted to send reassuring messages to the market, with the U.S. Treasury Secretary stating that the country has entered the "golden age of cryptocurrencies," indicating support for innovation in blockchain technologies and digital payments.
- *Market Expectations*: Analysts see the current decline as a strategic pause after recent strong gains, expecting price volatility to continue throughout August due to decreased trading volumes and increased volatility rates.
Key affected currencies³:
- *Solana*: Declined by 6%
- *Dogecoin*: Dropped by 4.95%
- *Cardano*: Declined by 3.62%
- *Ripple*: Dropped
by 4.5% to $2.9138
Price volatility is expected to continue in the coming weeks, as investors await regulatory and economic updates.
