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7 Aug, 2025
Bitcoin (BTC): Bitcoin is hovering just above $114,000, facing resistance around the $115,000 to $118,000 range. Recent days have seen significant outflows from Bitcoin ETFs, reflecting institutional caution.
Ethereum (ETH): Ethereum has shown some resilience, with inflows into its ETFs and a price holding above key support levels. Some analysts suggest the ETH/BTC pair may be poised for a rally.
Altcoins: After a recent surge, many altcoins, including XRP, Solana, and Cardano, have experienced declines. The overall market capitalization has seen a slight drop.
Macroeconomic Factors: The market is closely watching for new data on U.S. jobless claims and CPI, as well as potential moves by the Federal Reserve. Recent jobs data that disappointed expectations has fueled speculation about a possible rate cut, which could be a positive catalyst for crypto.
Regulatory News: A recent clarification from the U.S. Securities and Exchange Commission (SEC) stating that certain liquid staking activities do not constitute securities offerings is seen as a positive development for the DeFi space.