Crypto Update - August 3, 2025
Market down 7%: BTC ~$113K (-3%), ETH ~$3,700 (-6%), SOL ~$172 (-5%) amid U.S. tariff hikes and weak jobs data. $490M in liquidations hit. Institutional moves shine: MicroStrategy’s $4.2B BTC plan, 230+ new whale wallets, and 18-day ETH ETF inflows. Upcoming Phylax upgrade (Aug 12) and Delabs Festival (Aug 23-26) may spark volatility. XRP eyes $1.80-$4.14 with a 1.2B NIGHT airdrop. $2.17B in hacks this year, including $1.5B ByBit breach. Despite short-term bears, BTC could hit $200K-$250K by year-end. Check CoinDesk for live prices. DYOR—volatility ahead.