Crypto Market Bloodbath: Three Reasons Traders Are in Risk-Off Mode
A dismal U.S. jobs report, rising geopolitical risks and recession worries triggered a broad crypto sell-off led by $BTC and $ETH $XRP
Bitcoin drops to $113,648 on August 2, 2025, as traders go risk-off BTC slipped nearly 2% in 24 hours following weak U.S. jobs data and geopolitical escalation.
What to know: - The July U.S. jobs report showed just 73,000 jobs added and a 258,000 downward revision to May and June. - President Trump accused the U.S. Bureau of Labor Statistics commissioner of manipulating jobs data and said he had ordered her immediate removal. - Although Fed rate cuts now appear more likely, they’re seen as a response to economic weakness, not a bullish signal.
Visa's platform now supports four stablecoins across four blockchains, including Ethereum and Solana. $XLM $AVAX $SOL $ETH
What to know:
- Visa is expanding its stablecoin settlement platform to include PayPal USD and Global Dollar through a partnership with Paxos. It also added Circle's euro token, EURC.
- The platform now supports four stablecoins across four blockchains, including new additions Stellar and Avalanche.
- Visa's move reflects the growing traction of stablecoins among payment providers and aims to transform global money movement
$BTC , $XRP , $ETH Recoup Overnight Losses as Analysts Point to Growing Threat to Fed Independence Analysts highlighted concerns over the Fed's independence, with two Trump-appointed officials dissenting in favor of a rate cut on Wednesday.
What to know: - Major cryptocurrencies have rebounded after initial losses following the Federal Reserve's decision to keep interest rates steady. - Analysts highlight concerns over the Fed's independence, with two Trump-appointed officials dissenting in favor of a rate cut. - The market remains uncertain, awaiting new economic data, with potential implications for cryptocurrency as a hedge against inflation
Shiba Inu $SHIB Eyes Monthly Gain Despite 8% Price Loss
The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays.
What to know: - Shiba Inu (SHIB) has experienced a rough week, dropping nearly 9% in value, but is still on track for a double-digit monthly gain. - The memecoin sector, including SHIB, is facing volatility due to broader crypto market shifts and policy uncertainties. - The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays. #SHİB
$XRP out of Billionaire Club: Bull Run Getting Canceled?
XRP clearly becoming less popular among whales
As on-chain metrics start to show red flags, XRP's recent surge may be waning. The XRP Ledger's decline in daily payment volume, which has now dropped below $1 billion, is the most obvious warning sign. In sharp contrast to the steady multi-billion peak prices over the previous three weeks, the volume of XRP payments reached about 986 million as of July 28. #XRPRealityCheck #Whale.Alert
Market data indicates $XRP price could soar to unimaginable heights if XRP completely followed its 2017 fractal.
The XRP price action since the fourth quarter of 2024 has been largely impressive, as the altcoin recovers most of its lost values from years back. Currently trading for $3.13, XRP has gained a massive 538% since November 2024, re-igniting bullish sentiments within the community.
Multiple Analysts Believe XRP is Following 2017 Fractal However, one of the most interesting narratives among XRP proponents is the suggestion that the XRP price action has been following its 2017 fractal. For context, during the 2017/2018 uptrend, XRP delivered its most impressive performance in history. #xrp #XRPRealityCheck
$BNB Token Rallies to Record High as CEA Industries Raises $500M for Treasury Strategy
Several listed companies announced plans to create BNB crypto treasuries recently, including CEA Industries (VAPE), teaming up with Binance founder CZ's family office.
What to know:
- BNB, the fourth-largest cryptocurrency, outperformed other tokens rallying to a fresh all-time high.
- Several U.S.-listed companies announced plans to acquire BNB for their crypto treasury strategy, bolstering its performance.
- CEA Industries rallied 700% on Monday on raising $500 million for its BNB treasury with the participation of Binance co-founder Changpeng Zhao's family office, Yzi Labs
$XRP Eyes New All-Time High as Whale Sell Pressure Eases by 93%
- $XRP price climbs 3% as whale-to-exchange flows drop by 93% since July peak - Chaikin Money Flow shows bullish divergence, pointing to rising buyer demand despite slow price action - If $XRP breaks $3.37, it could target $3.62, $3.83, and potentially targetting $4
- Ethereum CME Futures open interest hits all time high of $7.85 billion. - Spot ETH ETFs attract $5 billion inflows during an ongoing 16-day accumulation streak. - 170 new mega-whale wallets signal strong Ethereum accumulation from institutions.
Michael Saylor Signals Further Bitcoin Purchases For Strategy
Michael Saylor has flashed the signal for another Bitcoin purchase for Strategy, keen on extending its holdings after crossing 600,000 $BTC .
Michael Saylor and Strategy (formerly MicroStrategy) have shown no signs of tapering their Bitcoin accumulation spree. Investors are bracing for an imminent BTC purchase announcement in the coming days amid ambitious plans to raise cash.