Hey Binance Square squad! Here’s your fresh crypto update for August 2, 2025, straight from the blockchain! From Bitcoin’s tariff-driven wobble to altcoin resilience and regulatory wins, let’s unpack today’s biggest stories. Stay sharp and let’s dive in! Market Roundup: Bitcoin Dips, Altcoins Hold Ground Bitcoin (BTC) Faces Tariff Pressure: BTC slipped 3% to ~$113,231.41 after Trump’s new tariff announcements sparked a risk-off mood. Support lies at $110K, with analysts eyeing a rebound to $124K–$130K if it breaks $122K.
Ethereum (ETH) Outperforms: ETH trades at ~$3,668.38, down 6% but showing strength with $5B in ETF inflows in July. Experts predict a climb to $7,000 by Q4 2025.
Solana (SOL) Stays Strong: SOL dropped 5% to ~$193.32 but remains a top altcoin pick, with developer activity in DeFi and gaming driving optimism for a $495 target in 2025.
Regulatory & Industry Moves SEC’s Crypto-Friendly Shift: The SEC’s approval of in-kind creations and redemptions for Bitcoin and Ethereum ETFs boosts liquidity, a major win for institutional adoption.
JPMorgan’s Crypto Push: JPMorgan partnered with Coinbase to let Chase credit card users fund crypto wallets starting Fall 2025, signaling mainstream integration.
Stablecoin Law Milestone: President Trump signed a stablecoin regulatory framework into law, paving the way for digital assets to become everyday payment tools.
Altcoin & Memecoin Highlights XRP Eyes Breakout: XRP holds at ~$3.47, with RSI at 79.55 signaling overbought conditions. Regulatory clarity and ETF buzz could push it to $5.25 in 2025.
Cardano (ADA) Gains Traction: ADA trades at ~$0.73, with the Hydra upgrade and Bitstamp listing boosting its DeFi potential. Analysts see $3 by year-end.
Memecoin Volatility: BONK and HYPE are trending, but meme tokens like Pi Network’s token crashed 86% to $0.400 due to oversupply. A major exchange listing could spark a rebound.