📊 Market overview
Bitcoin price remains stable at around $114,370 (approximately equivalent to VND value) this morning (ET), nearly unchanged from yesterday.
The main reason: concerns about US tariffs and uncertainty from weak US economic data, causing the market to remain 'range-bound' despite expectations of interest rate cuts.
Ether (ETH) continues to rise sharply, gaining another 2–2.7%, fluctuating around $3,590–3,627.
Altcoins like $XRP , $AVA , $SOL are also rising from 2% to 5%.
📌 Important reasons to note
1. Expectations of Fed rate cuts
The US jobs data for July falling short of expectations has increased the probability that the Fed will cut interest rates in September. This supports risk assets like crypto.
2. Risks from tariffs and economic data
Tensions from US trade policy (new tariffs) combined with weak employment reports have made market sentiment cautious.
3. Ether continues to lead
Businesses and small companies are increasing their purchases of ETH as a hedge against inflation and to profit from staking, causing Ether to surge and become the focal point compared to Bitcoin.
🎯 Perspectives and opportunities for crypto enthusiasts
Bitcoin is still fluctuating around the psychological support level of $100K. According to technical analysts, a slight adjustment is normal and necessary if Bitcoin holds above $100K, laying the foundation for long-term growth.
Ether shows greater momentum: it has risen in price while also yielding from staking (3–4%), attracting institutions like BitMine, GameSquare… which are significantly increasing their ETH reserves.
✅ Conclusion & action suggestions
Bitcoin: still stable at ~$114K, although there hasn't been a breakout, it is maintaining a balanced state.
Altcoins, especially Ether, are showing positive trends due to favorable economic expectations and actual investment demand.
With the current market sentiment:
BTC may continue to move sideways or adjust slightly before deciding to break out.
ETH is an attractive option for staking strategies, while also having price appreciation potential.
Investors should closely monitor US economic data (jobs report) and signals from the Fed to adjust their portfolios accordingly.
