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).
