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#bitcoin JUST BROKE $115,000
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Crypto Market Pull Back: Latest Updates As of August 3, 2025, the crypto market is experiencing a pull back, with Bitcoin at $114,065.00, down from its July 14 high of $122,838.00, and Ethereum at $3,491.58, off its recent peak. After a strong July—Bitcoin up 8%, Ethereum up 49% per CoinMetrics—this correction has sparked debate. Causes of the Pull Back President Trump’s new tariffs (10%-41%) have triggered risk-off sentiment, raising inflation fears and delaying Federal Reserve rate cuts, impacting crypto, per CNBC (Crypto wobbles into August). Significant ETF outflows—$812 million from Bitcoin ETFs and $153 million from Ethereum ETFs on Friday—signal a market cooldown, as reported by DLNews (Bitcoin and Ethereum ETFs suffer). Ben Kurland of DYOR calls it a “healthy strategic cooldown” after July’s rally, lacking new catalysts. Regulatory Context Recent SEC approvals for crypto ETF in-kind creations and filings for generic listing standards by Cboe and NYSE Arca have boosted crypto’s legitimacy but also fueled volatility as markets adjust, per Bloomberg (Bitcoin Pulls Back). Market Sentiment X posts reflect mixed views: @BladeDefi predicts altcoin declines of up to 95% (X post), while Cardano’s Charles Hoskinson sees a temporary dip, citing past recoveries (X post). @KobeissiLetter ties the pull back to equity market volatility (X post). #MarketPullback
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Trump’s Tariffs and Crypto’s Response Donald Trump's new tariffs—ranging from 10% to 50% on imports from over 60 countries—have sparked trade tensions, aimed at boosting U.S. revenue and countering "unfair practices." Despite criticism over potential inflation, Trump proposes using tariff proceeds for rebate checks to citizens. Meanwhile, the crypto market is thriving. Bitcoin hit $123K, Ethereum ETFs saw massive inflows, and the GENIUS Act brought regulatory clarity to stablecoins. Justin Sun’s spaceflight and Nasdaq debut add cultural flair, while DeFi platforms like Mutuum Finance and altcoins like Hedera (HBAR) experience rapid growth. Trump’s policies are inspiring crypto-friendly legislation, positioning blockchain technology as a serious contender in shaping future economic systems. #TrumpTariffs
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