Brothers, something big has happened, the crypto market is exploding today!
Recently, the price trends in the crypto space have been tightly controlled by policies and geopolitical events! Hong Kong has just implemented the "Stablecoin Regulation," and unlicensed stablecoins are directly banned, leading users to rush to exchange for compliant assets like DAI and FDUSD, with price fluctuations soaring alongside on-chain exchange volumes.
In the U.S., it's even more intense, with the effective date for tariffs pushed from August 1 to August 7. Bitcoin just bounced back to $118,500, but then panic over Middle Eastern conflicts and tariff delays caused a collapse, resulting in over 100,000 liquidations in 24 hours. The price of $BTC dropped below 118,000, and $ETH fell directly below 3,700. The price movement resembles a roller coaster, leaving no room for a breather!
However, institutions remain quite calm. In July, they poured $4.2 billion into ETFs, primarily buying Ethereum and staked tokens; Tesla is even more aggressive, holding over $1.2 billion in Bitcoin without selling a single share. It seems that for big funds, this price correction is actually a good opportunity to "pick up bargains"?
Speaking of geopolitics, Iran may retaliate against Israel, with gold rising 2.3%. Initially, Bitcoin was holding strong, but it eventually succumbed to liquidation pressure. However, big whales took advantage of the turmoil to buy the dip, purchasing 18,000 BTC in a single day, setting a record for 2025 — amidst this price volatility, while some cry, others laugh!
The key issue now is whether the U.S. will manage to negotiate tariffs by August 7? If the EU retaliates and money tightens globally, prices could take another tumble; but if an agreement is reached, we might catch a breath. Additionally, with the probability of a Fed rate cut in September rising to 68%, whether prices go up or down still depends on how policies and geopolitics play out!
Instead of fighting alone, it's better to follow Sister Rong's lead. Sometimes leveraging support is a way to bridge gaps in understanding. If you’re unwilling to accept defeat and want to turn your situation around, come directly to Sister Rong’s friends; after all, she has weathered the storms and stepped in the pitfalls for you, providing an umbrella for you all!
