Recap
- Despite hawkish Fed signals and concerns over data integrity after Trump fired the Bureau of Labor Statistics chief in the prior week, markets closed higher on strong institutional ETF inflows. Bitcoin (BTC) rallied over the weekend to more than $122,000, while Ether (ETH) reached a 4-year high.
- Trump imposed an extra 25% tariff on India and threatened China, sparking trade war fears and market volatility.
- The Bank of England trimmed rates by 25 bps to 4.00% in a narrow vote, hinting the easing cycle may be near its end.
- Trump signed an Executive Order to allow US retirement accounts to invest in crypto, expanding access but also risk exposure.
- The SEC and Ripple ended their nearly five-year legal fight, removing a major overhang for XRP and offering clearer regulatory footing for the token.
Top Gainers of Last Week
- LDO (Lido DAO) +57%
- AERO (Aerodrome Finance) +52%
- MNT (Mantle) +45%
Top Losers of Last Week
- XMR (Monero) -12%
- TON (Toncoin) -6.1%
- XDC (XDC Network) -4.6%
Market Metrics
Total Market Cap: $3.98T (+7.5% vs last week)
Bitcoin Dominance: 59.7% (vs 61.4% last week)
Fear and Greed Index: 59/100 (vs 48 last week)
Alt Season Index: 38/100 (vs 41 last week)
This week, we’ll be monitoring (all times UTC):
Tuesday 12 August
Economic data
- 12:30 – US CPI (July): A key inflation print that could shift expectations for the Fed’s next rate move; a hotter number may revive rate-hike bets, while a soft reading could reinforce easing expectations.
Crypto event (token unlock)
- Aptos (APT) Token Unlock: 1.7% of supply (~$51M) hits the market, which could weigh on price if selling pressure emerges.
Thursday 14 August
Economic data
- 06:00 – UK Q2 GDP (Prelim): First snapshot of Q2 growth; will influence BoE policy tone after last week’s close vote on rates.
- 12:30 – US PPI (July): Measures wholesale inflation and serves as a forward indicator for consumer prices; traders will watch for confirmation or contradiction of CPI trends.
Friday 15 August
Economic data
- 14:00 – US Consumer Sentiment (Prelim): Gauges household confidence and inflation expectations, key for assessing the durability of US consumer spending.
Crypto event (conference)
- Ethereum NYC (Aug 11–17): Midway through the week-long conference; potential announcements from Ethereum core devs and L2 teams could influence sentiment and narratives in the ecosystem.
