This event-packed period saw the crypto industry resemble a blockbuster—record highs, unexpected twists amid political news, and, of course, cybersecurity lessons. Let’s break down last week’s key trends in simple yet precise terms so you stay updated on the freshest market developments!
Bitcoin: All-Time Highs and Volatility
Closing out July, Bitcoin set a new record—the month ended at $115,800 despite a volatility spike triggered by new tariff announcements from U.S. President Donald Trump. This news rattled global markets: the S&P 500 dropped to 6,339, and the Crypto Fear & Greed Index fell 10 points to 65, though it remained in "greed" territory.
Analysts like Mags view the current dip to $115,000 as a "bullish" retest and predict a potential surge to $172,000—a 50% jump. Experts believe August could present an accumulation opportunity before Bitcoin and altcoins take off again. If history repeats (as in August 2013, 2017, and 2021), BTC could gain 14–65% this month, reaching $117,600+ by August’s end. However, on August 1, after profit-taking by "whales" and new tariff news from Asia, BTC dipped to $115,000.
Earlier in the week, Bitcoin even hit $120,000 amid positive market signals and a U.S.-EU tariff deal, boosting risk appetite and lifting the entire market. Japan’s Metaplanet expanded its reserves to 17,132 BTC, reinforcing institutional confidence. Additional momentum came from Trump Media adding Bitcoin to its balance sheet.
Remember—Bitcoin moves in cycles. Right now, interest from big players and institutions is clearly supporting the market. Still, don’t forget about diversification and risk control in such a "heated" environment.
Altcoins: Growth, Profit-Taking, and Tech Upgrades
Ethereum (ETH)
Ethereum came within striking distance of $4,000, fueled by massive ETF inflows and positive regulatory news: the new SEC chair declared ETH is not a security, further attracting investors. At times, ETH-ETF inflows reached $218.6M daily. However, momentum slowed by week’s end, and ETH failed to hold above $4,000.
XRP
XRP had a rough week: on August 1, it fell below $3 (to $2.98) after mass sell-offs—over 259M coins changed hands in a day. Despite BlackRock’s involvement in Ripple events, the token’s short-term outlook remains cautious.
Cosmos (ATOM) & Others
ATOM gained 4% early in the week amid consolidation by major holders. Cronos rolled out a critical network upgrade, while Conflux nearly doubled thanks to success at Shanghai conferences and new tech integrations.
Cybersecurity: Rising Attack Numbers
July concluded on a high note with industry conferences: ETHCC8 and TWS 2025 (Singapore) discussing Layer 2 trends, staking, and regulation. July also saw major token unlocks (TRUMP - $629 million), which added volatility to the market.
NFT trading volumes surged by 41%, reaching $221.5 million, while CryptoPunks recorded a 590% increase compared to the previous month. Massive "whale" transfers reignited interest in analyzing large transactions.
Major Events & Token Unlocks
July wrapped up with bullish industry conferences: ETHCC8 and TWS 2025 (Singapore) discussed Layer 2 trends, staking, and regulation. The month also saw major token unlocks (TRUMP—$629M), adding market volatility.
NFT trading volumes jumped 41% to $221.5M, with CryptoPunks up 590% MoM. Massive "whale" transfers reignited interest in tracking big deals.
Market Dynamics & Outlook
Total market cap hovered near $3.9T, with Bitcoin trading between $117K–120K. Upcoming key economic decisions (e.g., U.S. Fed moves) could reshape the summer landscape.
August could be even more vertical for BTC, though an "altseason" may start if Bitcoin’s dominance declines.
Institutional investments and blockchain upgrades continue supporting the market, even during local corrections.
Crypto activity isn’t just an investment in digital assets—it’s an investment in finance’s future. Stay on top of trends, assess risks, and grow with the industry. Questions, comments, and discussions are welcome—let’s make the crypto world clearer and more transparent for everyone!