COINJAKA

Why is the cryptocurrency market declining | Natural correction after overbuying
• The market is undergoing a correction after a strong upward wave, with a market value drop of 1.23%.
• Major currencies like XRP (-7%), BTC, and ETH have entered overbought territories according to the RSI indicator.
• The Relative Strength Index (RSI) for Bitcoin has dropped to 40, indicating a temporary halt in momentum.
• Investors have started taking profits, especially in altcoins.
• Despite the decline, support levels remain strong (between $110,000 and $106,000 for Bitcoin), keeping rebound opportunities alive.
• Weak economic data in the U.S. has raised expectations for an interest rate cut, which may boost the market later.

Trump attacks Powell: Lower the interest rate or let the council take control

On August 1, 2025, Donald Trump stated that the Federal Reserve should take authority from its chairman Jerome Powell if interest rates are not lowered.
Trump described Powell as a "stubborn idiot," asserting that his refusal to lower rates requires direct intervention from the council.

Ethereum Attracts Wall Street: Predictions for a New Financial Future

The adoption of Ethereum by financial institutions is increasing due to its legal and technical stability, making it the preferred choice for asset tokenization. Tom Lee from FSInsight believes that Ethereum could reach $60,000 if it becomes the infrastructure for global financial markets.

Eric Trump calls for buying Bitcoin amid market downturn

Bitcoin has fallen to $113,000 with a general 5% decline in the cryptocurrency market. Eric Trump called to buy the dip while analysts expect stabilization in August and a potential rise by September despite selling pressure from short-term investors and outflows from investment funds.

Ripple continues to strengthen its position in the global financial system through smart escrow strategies

• Ripple deposited 700 million XRP (worth 2 billion dollars) in an escrow account, as part of a carefully calculated monthly cycle.
• This occurred through 3 consecutive transfers indicating a modified strategy behind the scenes.
• The action comes amid fluctuations in the XRP price which dropped to 2.98 dollars following the US Federal Reserve's decision.
• Ripple aims to tokenize global financial assets by integrating XRP into bank settlements.
• The company is moving towards creating a fully digital bank operating on the XRP ledger, targeting a market estimated at 196 trillion dollars.
💡 What is happening now could be a precursor to a significant transformation in the global financial infrastructure

🚨 SEC Chair: “Hold Your Coins Yourself — Official Support for the Idea of Self-Custody

U.S. Securities and Exchange Commission Chair Gary Gensler stated that personal custody of cryptocurrencies is a “fundamental right” of ownership, affirming his support for not relying on intermediaries.
✅ An official statement that marks a significant shift in the agency's stance towards cryptocurrencies and DeFi.

🚨 Unlocking tokens worth $2.5 billion in August 2025

The most notable tokens to be unlocked:
1. $SUI – 210.4M
2. $ENA – 55.3M
3. $APT – 49.8M
4. $ZRO – 43.8M
5. $ARB – 37.7M
6. $PUMP – 28.3M
7. $KAITO – 20M
8. $JTO – 19.6M
9. $STRK – 15.4M
10. $IMX – 13.1M

Unlocking may impact prices due to increased supply, so caution is advised.

🔻 Pi Network currency drops to its lowest level: Is there still hope?

Pi Network has recorded a sharp decline to $0.4027 after large amounts of the currency were released into the market without sufficient demand, leading to a price drop from $3 since trading began in 2025.

This decline is normal in the early stages of digital projects; patience may be the key to achieving future profits, as has happened previously with currencies like Bitcoin.

Trump describes Powell as 'the stubborn fool' and calls for an immediate rate cut

Trump attacked Federal Reserve Chairman Jerome Powell for keeping interest rates steady and considered him slow to respond to economic risks. Although he cannot legally dismiss him, he can influence the future directions of the Fed. Markets, especially cryptocurrencies, have witnessed a decline after renewed concerns about the continued monetary tightening.

The Pi network is threatened with breaking support at 0.40$ before the tokens are opened in August.

The Pi coin is trading at 0.4065$ with ongoing selling pressure. The current support is at $0.3970, and breaking it could push the price towards 0.36$ , especially with the upcoming opening of 162.8 million tokens this month. The most important resistance currently is at 0.4108$ , and bouncing above it is essential to confirm any short-term recovery.

Visa announces support for Avalanche and Stellar networks for payment settlement

Visa has announced the expansion of its stablecoin settlement platform to include the Avalanche (AVAX) and Stellar (XLM) networks, alongside previous networks such as Ethereum and Solana. This update aims to enhance the speed and efficiency of cross-border payments using blockchain technology.

The White House report strengthens XRP's position.. Is the rise starting soon?

An official US government report mentioned Ripple among the leading digital assets, which is considered an acknowledgment of its role in the financial system. The price is currently stable between $3.00 and $3.20, and breaking the $3.33 level could push XRP towards $3.84 and then $4.30 with strong technical and moral support.

📛 Algeria officially criminalizes cryptocurrencies
Algeria has begun implementing a new law that comprehensively prohibits dealing in cryptocurrencies such as Bitcoin and criminalizes their purchase, sale, possession, and mining, with penalties of up to one year in prison and fines exceeding $7,000. The law came into effect on July 24, 2025, as part of efforts to combat money laundering and the financing of terrorism.

Strong rise in the dominance of alternative currencies indicates a significant market shift

Recent market movements suggest the beginning of an altcoin season, with Bitcoin's dominance declining to 17% of futures volume compared to a rise in altcoins to 83%. Ethereum has also increased by 170% from its lows, now just 23% away from its all-time high. There is a decline in individual traders' interest in Bitcoin, and a noticeable increase in alternative contract trading enhances the likelihood of a strong surge for altcoins during August

Jerome Powell confirmed that inflation is still relatively high at 2.7% and that the impact of the new tariffs on prices is "still unclear," emphasizing the importance of the bank's independence from politics and noting that any future interest rate cuts will depend on upcoming data.

🔍 An important signal for traders:
The decision is considered neutral to slightly negative for risky markets (such as cryptocurrencies), as the Fed has not shown any clear intention to ease soon.

Soon.. Powell speaks and the markets await signals

⏰ Time: 9:30 PM Saudi time
Press conference of the Federal Reserve Chairman Jerome Powell after the decision to keep interest rates steady.

• The markets are awaiting whether Powell will hint at a possible interest rate cut soon or continue with a hawkish tone.
• Cryptocurrencies and stocks are waiting for the tone of the speech to determine the upcoming direction.

Federal Reserve Holds Interest Rate

The Federal Reserve decided to keep the interest rate at 4.25%-4.50% despite the objection of two members who called for a reduction.

🔹 Impact on Digital Currencies:
✅ Positive in the Short Term:
• The hold means no additional tightening, which alleviates pressure on high-risk assets like digital currencies.
• Markets may interpret the decision as a precursor to a rate cut in the coming months, which is supportive of Bitcoin and Ethereum.

⚠️ But with Caution:
• If Powell's speech comes shortly with a hawkish tone, it may dampen the temporary optimism.

📈 Trump calls for interest rate cuts after 3% economic growth: “There is no inflation

Former U.S. President Donald Trump reacted to the report of a 3% growth in GDP in the second quarter, saying it is time to cut interest rates after it is too late, adding: “There is no inflation, let people buy homes and refinance them.”

However, economists warned that quarterly growth is driven by a decline in imports rather than strong domestic demand, while inflation remains above the Federal Reserve's target, which is expected to keep interest rates unchanged currently.

Hyperscale Data Announces XRP Purchase Plan of $10 Million with Weekly Reports

Hyperscale Data has announced a plan to purchase XRP worth $10 million by the end of 2025, affirming its commitment to transparency through weekly reports starting on August 12. The company is also considering imposing a 36-month ban on holdings, reflecting its long-term confidence in the currency. This comes amid a 142% increase in XRP trading and a rise in institutional investments, at a time when the currency is expected to be included in the upcoming White House report on the national inventory of digital assets.

Important Market Events Tomorrow (Wednesday) – Saudi Time

A significant day awaits the markets with the release of strong data and the Federal decision. Here are the key events:
• 4:15 PM | Private Sector Jobs (ADP)
• 4:30 PM | Gross Domestic Product (Q2)
• 6:30 PM | US Oil Inventories
• 10:00 PM | Federal Interest Rate Decision
• 10:30 PM | Jerome Powell's Press Conference

⚠️ A busy day that may witness violent fluctuations in gold and currency markets. Beware of haste and monitor the news closely.