It was the beginning of August 2025, and the crypto market woke up with a start. Bitcoin, which had touched $123,000 in July, began to slide downwards, falling more than 8% in five days to around $113,000. Ethereum, which had celebrated its tenth anniversary with a rally to $3,941, also lost strength, retreating to $3,673. Even Dogecoin and Solana, which had been roaring like lions, found themselves caught in the storm.
🔍 What caused this sudden drop? Three main suspects:
1. The dollar strengthens: The dollar index surpassed 100 points, leading investors to abandon risk assets like cryptocurrencies.
2. Trump's tariffs: New tariffs announced by President Trump generated economic uncertainty, complicating the Federal Reserve's plans and creating a risk-averse environment. $BNB $SOL $XRP
3. Massive profit-taking: According to CryptoQuant, new 'whales' sold large amounts of Bitcoin after surpassing $120K, marking the third wave of profit realization in this bullish cycle.
#Write2Earn #BinanceHODLerTree
🌅 And now what? Outlook for August:
Although the start was turbulent, analysts have not lost faith. Bitcoin is expected to attempt to break the $120K barrier again, with a possible target of $140K if institutional momentum remains. Ethereum, for its part, could reach $4,000 if flows into ETFs and activity on its layer 2s continue. Solana also remains strong around $200, supported by the DeFi boom and institutional interest. #TrumpTariffs
📊 In summary: August will be a month of testing. If macroeconomic data and Fed signals are favorable, we could see a new bullish momentum. But if uncertainty persists, the market could remain in defensive mode.
