Bitcoin (BTC)
Following U.S. tariffs and profit‑taking, Bitcoin plunged below $115,200 around August 1, dragging down the crypto market by ~3–4% ☆ .
It rebounded modestly to about $114,550–114,800, gaining ~0.7% ≈ August 4, buoyed by improving sentiment and hopes of a U.S. Fed rate cut in September ☆ .
Ethereum (ETH)
Ethereum outperformed BTC in recent weeks, up around 54% month‑on‑month, driven by regulatory advances under the GENIUS Act, spot ETF inflows, and surging stablecoin support built on the ETH network ☆ .
ETH traded in the $3,550–3,680 range, boosted by ETF interest and corporate treasury buys ☆ .
XRP, Cardano (ADA), Solana (SOL)
These altcoins rallied sharply on August 4: XRP +5%, Cardano up ~3–8%, Solana +1–8%, as investor confidence returned ☆ .
XRP price approached the $3.00–3.10 zone. Analysts suggest a technical double‑bottom or cup‑and‑handle formation could drive XRP toward $4 to $5 target levels ☆ .
Market Context & Macroeconomic Drivers
The **crypto market cap is around $3.5–3.7 trillion **, down ~2–4% over the past week, but showing signs of stabilization ☆ .
Key drivers include U.S. tariff anxiety, labor market weakness, and expectations of Fed monetary easing, which are boosting# risk assets like crypto ☆ .