$XRP $BTC $#CryptoPatience XRP Leads Market Gains:

Bitcoin Nears $115,000 as Trump’s Tariffs Impact Crypto Optimism

August 4, 2025

The cryptocurrency market began the week on a steady note, with Bitcoin (BTC) and Ether (ETH) showing signs of stabilization following heavy selling on Friday and Saturday.

During this period, approximately $1 billion was withdrawn from Bitcoin ETFs, causing BTC's price to drop to around $114,000 before seeing a slight recovery.

Ether also saw $152 million in outflows on Friday, breaking a nearly month-long streak of daily inflows and putting pressure on its price.

This downturn was triggered by U.S. President Donald Trump’s decision to impose new tariffs on Asia and Europe, which has affected risk-driven investment sentiment globally.

According to Jeff May, Chief Operating Officer at BTSE, “This decline stems from Trump’s tariff policy and the Federal Reserve signaling no immediate rate cuts. However, opportunistic buyers are already entering before the market opens, indicating fear may be overblown.”

Charts from the market reflect this opportunism, with Bitcoin stabilizing near the $114,500 level and Ether trading above $3,550 — both within short-term support zones.

In retail trading, XRP and Dogecoin (DOGE) rose by up to 5%, while Cardano (ADA), BNB, and Solana (SOL) saw gains of over 3%.

Experts believe that the presence of institutional investors has helped dampen market volatility.