Bitcoin Rises Despite Trump's Tariff Moves; Ethereum, Dogecoin Also Gain: Analyst Advises To 'Buy The Dip' In August, Hold Until This Time
Leading cryptocurrencies gained alongside stock futures on Sunday despite lingering concerns over President
Donald Trump’s recent tariff moves.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
| ––––––– | ––––- | –––––––––––––––- |
| Bitcoin (BTC/USD) | +1.52% | $114,739.26 |
| Ethereum (ETH/USD) | +3.85% | $3,544.28 |
| Dogecoin (DOGE/USD) | +4.25% | $0.2019 |
Market Overview
Bitcoin surged to the upper reaches of $114,000 overnight, despite a notable dip in trading volume. This recovery followed a period of contraction where Bitcoin lost over 4% of its value in the past week. Meanwhile, Ethereum reclaimed the $3,500 level after a volatile week that saw it drop 8%.
Historically, August has been a corrective month for cryptocurrencies, with both Bitcoin and Ethereum closing lower in the past four years. However, the recent rally caught bearish traders off guard, resulting in over $100 million in short positions being liquidated within 24 hours.
Bitcoin's open interest decreased slightly by 0.17% in the last 24 hours. On Binance Futures, nearly 60% of traders holding open Bitcoin positions were bullish at the time of reporting, according to the Long/Short ratio.
The Crypto Fear & Greed Index indicated a sharp rise in "greed" sentiment among investors.
Top Gainers in the Last 24 Hours
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
| ––––––– | ––––- | –––––––––––––––- |
| Ethena (ENA) | +16.66% | $0.6168 |
| Conflux (CFX) | +14.33% | $0.2177 |
| Stellar (XLM) | +12.75% | $0.4163 |
The global cryptocurrency market capitalization stood at $3.71 trillion, up 2.70% in the last 24 hours.
Stock Market Context
Stock futures also edged higher Sunday night. The Dow Jones Industrial Average Futures rose 48 points (0.11%), S&P 500 Futures climbed 0.16%, and Nasdaq 100 Futures added 0.21% as of 8:44 p.m. EDT.
Impact of Tariff Concerns
Investor sentiment was weighed down earlier in the week after President Trump imposed a new wave of import duties on major trading partners via executive order. This move contributed to major averages like the S&P 500 and Nasdaq Composite closing the week in the red, further pressured by a worse-than-expected July jobs report.
Analyst Insights
Widely followed cryptocurrency analyst and trader
Ali Martinez identified a buy signal on Bitcoin’s 12-hour chart using the TD Sequential indicator, a technical tool that helps identify potential price reversals and exhaustion points.
Another prominent analyst,
Michaël van de Poppe, predicted a consolidative week ahead despite the recent price surge. He advised investors:
"General lesson as we’re approaching a super bullish Q3 and Q4: buy the dip in August, hold into Q4 and be happy on your altcoins."
Photo Courtesy: Dennis Diatel on Shutterstock.com
Source:
Originally published at
Benzinga on August 4, 2025.
Frequently Asked Questions (FAQ)
Market Trends and Analysis
Q: What factors are currently influencing the cryptocurrency market?
A: The cryptocurrency market is being influenced by several factors, including President Trump's tariff moves, which are creating broader market uncertainty. Despite this, Bitcoin, Ethereum, and Dogecoin have seen gains, indicating a degree of resilience. Analyst sentiment suggests that August might be a corrective month historically, but a potential rally has caught some traders off guard.
Q: What is the general sentiment in the crypto market according to the Fear & Greed Index?
A: The Crypto Fear & Greed Index indicates a "greed" sentiment among investors, suggesting a bullish outlook or increased confidence in the market's upward momentum.
Q: What are analysts saying about investing in cryptocurrencies in August?
A: Analysts like Michaël van de Poppe are advising investors to "buy the dip" in August and hold their altcoins into Q4, anticipating a super bullish third and fourth quarter.
Cryptocurrency Performance
Q: How has Bitcoin performed recently?
A: Bitcoin surged to over $114,000, recovering from a recent dip where it lost over 4% of its value in the past week. Trading volume was noted to be lower during this surge.
Q: How has Ethereum performed recently?
A: Ethereum reclaimed the $3,500 level after a volatile week where it experienced a 8% drop.
Q: What are some of the top-performing altcoins mentioned?
A: In the last 24 hours, top gainers included Ethena (ENA) with a 16.66% gain, Conflux (CFX) with a 14.33% gain, and Stellar (XLM) with a 12.75% gain.
Economic and Geopolitical Factors
Q: How have President Trump's tariff moves affected the market?
A: President Trump's imposition of new import duties has weighed on investor sentiment, contributing to major stock averages closing the week in the red. This geopolitical factor adds a layer of uncertainty to broader financial markets, including cryptocurrencies.
Q: What is the broader economic context mentioned?
A: Stock futures also saw an uptick, with the Dow Jones Industrial Average Futures, S&P 500 Futures, and Nasdaq 100 Futures all showing gains, indicating a mixed but generally positive sentiment in traditional markets alongside cryptocurrencies.
Crypto Market AI's Take
The current market scenario, with Bitcoin and other major cryptocurrencies showing resilience despite geopolitical tensions like trade tariffs, highlights the evolving nature of digital asset adoption. Our AI-powered trading tools and market analysis at Crypto Market AI are designed to navigate such complexities. We continuously monitor macroeconomic indicators and geopolitical events to provide actionable insights, helping users make informed decisions. For those looking to understand the underlying technology driving these markets or seeking advanced trading strategies, our platform offers resources on
blockchain technology and
AI-driven trading bots.
More to Read:
