{"id":400561,"date":"2025-08-01T23:56:41","date_gmt":"2025-08-01T18:26:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-markets-pull-back-amid-macro-worries-crypto-news\/"},"modified":"2025-08-02T00:10:26","modified_gmt":"2025-08-01T18:40:26","slug":"crypto-markets-pull-back-amid-macro-worries-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-markets-pull-back-amid-macro-worries-crypto-news\/","title":{"rendered":"Crypto Markets Pull Back amid Macro Worries – Crypto News"},"content":{"rendered":"

<\/p>\n

Large-cap crypto assets struggled to hold gains after a strong July, weighed down by weak U.S. jobs data and tariff uncertainties.\n<\/p>\n

\n

Following a strong July, crypto markets dipped on Friday, Aug. 1, as U.S. tariff developments and disappointing jobs data dampened investor sentiment.<\/p>\n

BTC 1-month price chart. Source: CoinGecko<\/figcaption><\/figure>\n

Bitcoin (BTC<\/a>) slipped below $115,000 today, after hitting a mid-July peak and recording a new all-time high of about $122,800<\/a>. The top cryptocurrency is consolidating between $114,000 and $116,000 today as momentum from its rally this month fades and ETF inflows cool amid macro uncertainty.<\/p>\n

Still, Bitcoin closed July with an 8.1% monthly gain, marking its highest monthly close ever, above $116,300, according to CoinGecko.<\/p>\n

Analysts Look Back at July <\/h2>\n

On-chain analyst Willy Woo said in an X post<\/a> on Thursday, July 31, that \u201cJuly marked a transition from trend to consolidation\u201d for Bitcoin. The analyst noted that speculation and profit-taking were weighing on momentum and could force Bitcoin into a reset or sideways grind before another breakout.<\/p>\n

Glassnode analysts noted in an X post<\/a> the same day that BTC still remains above all short\u2011term holder cost\u2011basis zones \u2014 ranging from $110,000 to $117,000 \u2014 suggesting underlying support even if a retracement unfolds.<\/p>\n

\"the-defiant\"<\/figure>\n

And yet, analysts at Fidelity Digital Assets suggested<\/a> that Bitcoin\u2019s acceleration phase is still intact, pointing to five new all-time high closes<\/a> in July and noting that BTC spent more than half of Q2 riding high on profits and volatility.<\/p>\n

\"the-defiant\"
BTC price movements by month. Source: Coinglass<\/figcaption><\/figure>\n

Meanwhile, Ethereum (ETH<\/a>) rallied nearly 50% in July, as institutional interest in Ethereum gathered steam, reflected by the accelerating ETH treasury trend and record inflows into spot Ethereum exchange-traded funds (ETFs). ETH is currently trading near $3,600, still failing to break through the $4,000 level, which it last touched in December 2024.<\/p>\n

\"the-defiant\"
ETH price movement by month. Source. Coinglass<\/figcaption><\/figure>\n

The rest of the large-cap altcoin market is seeing similar 24-hour losses to ETH of between 5-6%. XRP<\/a> was an outlier, losing just 3% to barely hold onto the $3 level at $3.01. XRP grew nearly 34% this past month.<\/p>\n

Solana (SOL<\/a>) dropped 6.5% to roughly $166 today, also down the same amount over the past week. SOL is still in the green on the month, up about 10%.<\/p>\n

Overall, total cryptocurrency market capitalization shed nearly 8% over the past 24 hours to below $3.8 trillion, with daily trading volume across exchanges reaching $190 billion, per CoinGecko data. Earlier in July, the total market cap broke over $4 trillion for the first time.<\/a><\/p>\n

Over the past 24 hours, more than $800 million in leveraged crypto positions were liquidated, according to CoinGlass<\/a>. Ethereum led the way with over $267 million in liquidations, while Bitcoin accounted for about $206 million of the total. <\/p>\n

ETH ETFs Break Monthly Record <\/h2>\n

U.S. spot crypto ETFs told a split story on July 31 as Ethereum funds pulled in about $17 million in net inflows, while Bitcoin ETFs netted nearly $115 million in outflows, per data<\/a> from SoSoValue.<\/p>\n

On the monthly timeframe, spot ETH ETFs shattered previous records, pulling in a staggering $5.43 billion in July. BTC ETF net inflows totalled $6.02 billion in July, one of the best months for the products since launch, but below their previous monthly high near $6.5 billion in November 2024.<\/p>\n

US Jobs Report and Tariffs <\/h2>\n

On the macro side, markets had to digest a weak July jobs report<\/a> from the United Stated that showed only 73,000 new payrolls, along with about 258,000 downward revisions to earlier months and an uptick in unemployment to 4.2% from 4.1% in June. The soft numbers raised fresh doubts about the strength of the labor market, potentially stoking recession worries, Reuters reported.<\/p>\n

Traders responded to the jobs report by sharply increasing bets on a September rate cut: CME FedWatch data at press time on Aug. 1 showed<\/a> a nearly 83% probability that the U.S. Federal Reserve will lower its target rate to 4.00-4.25%, up from a 37.7% probability a day earlier.<\/p>\n

\"the-defiant\"
Rate cut probability. Source: CME FedWatch<\/figcaption><\/figure>\n

Adding to the pressure, U.S. President Donald Trump signed off<\/a> on new sweeping tariffs, which are set to kick in on Aug. 7. The tariffs impose duties between 15% and 41% percent on goods imported to the U.S. from more than 67 countries, Politico reported. Trump also increased tariffs on Canadian goods, a measure that took effect today. The mix of disappointing jobs data and tariff uncertainty kept investors cautious across equities, bonds, and crypto.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Large-cap crypto assets struggled to hold gains after a strong July, weighed down by weak U.S. jobs data and tariff uncertainties. Following a strong July, crypto markets dipped on Friday, Aug. 1, as U.S. tariff developments and disappointing jobs data dampened investor sentiment. BTC 1-month price chart. Source: CoinGecko Bitcoin (BTC) slipped below $115,000 today, […]<\/p>\n","protected":false},"author":2,"featured_media":400563,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-400561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=400561"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400561\/revisions"}],"predecessor-version":[{"id":400564,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400561\/revisions\/400564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/400563"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=400561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=400561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=400561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}