Hey Binance Square community! Here’s your daily dose of crypto news for August 3, 2025, packed with the latest market movements and insights to keep you ahead of the curve. The crypto space is buzzing, but recent tariff announcements have sparked some volatility. Let’s dive into what’s happening today! Market Overview
The crypto market is facing a risk-off sentiment following President Trump’s new tariff announcements, impacting prices and investor confidence. Despite the turbulence, Bitcoin and other major assets are showing resilience, with institutional interest still driving key narratives.
Bitcoin Dips but Holds Strong: Bitcoin slid 3% to $113,231.41, with $228M in liquidations across exchanges. However, it’s still trading above key support at $110K, with analysts eyeing a potential rebound to $124K–$130K if it breaks $122K with strong volume.
Ethereum Stays Resilient: ETH climbed 0.7% to above $3,800, supported by 18 consecutive days of spot ETH ETF inflows. BlackRock’s ETF saw $29.83M in inflows, signaling sustained institutional appetite.
XRP Faces Volatility: XRP trades near $3.47, close to resistance at $3.80. Despite overbought conditions (RSI at 79.55), its adoption in cross-border transactions and ETF approvals in Brazil keep optimism high.
Crypto Stocks Take a Hit: Coinbase shares dropped 16% after a disappointing Q2 earnings report, while Circle and Galaxy Digital fell 8.4% and 5.4%, respectively.
Key News Highlights
The crypto world is never short of action, and today’s headlines reflect a mix of regulatory shifts, market moves, and emerging trends.Trump’s Tariffs Trigger Market Wobble: President Trump’s modified “reciprocal” tariffs on multiple countries caused a 7% dip in the total crypto market cap. Investors are cautious, but Bitcoin’s relative strength suggests a potential recovery.