Markets Bounced, But Why?

DAILY MARKET OVERVIEW

From Panic to Optimism

👋 Hey, Crypto Enthusiasts! The market went from panic to optimism in 48 hours. Let’s see why.

🔻 Last week, the market dropped hard. The Fed stayed cautious on rate cuts, and inflation ticking up didn’t help at all.

By Friday, sentiment had flipped.

• ETFs turned red

• Bitcoin saw nearly $1 billion in outflows

• Ethereum lost around $150 million

Things looked rough... but then something changed.

🟢 Sunday & Monday - Optimism Returns

Despite all the negativity, the mood started to shift on Sunday and carried into today.

Traders are suddenly feeling more confident that the Fed could cut rates in September.

So… what changed?

😓 Powell Is Under Pressure

Fed Chair Jerome Powell is in a tough spot:

• Two Fed members publicly disagreed with him last week - a rare move and a sign of internal tension.
  

• The latest jobs report was bad, and older job numbers were also revised way down - the worst since COVID.
  

• One Fed governor just resigned and will be replaced by Trump, likely with someone who wants rate cuts.
  

• If Powell doesn’t act soon, he could face more pushback inside the Fed.

👀 All Eyes on Jackson Hole (Aug 21–23)

Jackson Hole is an annual event where central bankers (like Powell) talk about the economy and hint at what’s next.

This year, markets expect Powell to set the stage for a rate cut in September.

If he doesn’t, it could hurt his credibility - and shake markets again.

But if he does? Crypto could keep climbing.

Last week looked bad, but things may turn fast. Powell’s cornered, and markets are betting he’ll finally blink.

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SOCIAL SENTIMENT

😨 Market Still Shaky

The market’s been all over the place lately.
Sentiment is flipping from fear to optimism in a matter of hours.

The current environment is still very volatile.

Most altcoins have broken key support levels and are now trading below them - not a great sign.

Coins like PEPE, Virtual, and AAVE have been falling behind compared to Ethereum and XRP.

👀 Our Focus: Majors Only

For now, we’re sticking to the majors - ETH, XRP, and DOGE. They’re showing more strength, and more importantly, they have real catalysts ahead.

So What’s Our Plan ❓️ 

ETH

• Still the strongest altcoin on the board

• Supported by growing interest in stablecoin infrastructure

• Backed by solid institutional buying

XRP

• Great price action

• Strong political connections and real world adoption

• The upcoming ETF decision in mid-October could be a major catalyst

DOGE

• Not leading right now, but the multi-year chart still looks solid

• If the XRP ETF gets approved, DOGE could follow

• Its own ETF deadline is January 9, 2026

We're focusing on majors for now - they’re outperforming smaller alts, have stronger charts, and most importantly, major upcoming catalysts.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

CFTC Starts 'Crypto Sprint' to Support Trump’s Crypto Plan
The CFTC launched a new program to carry out Trump’s crypto rules, working closely with the SEC to move the financial system onchain.

$14.5B in Bitcoin Was Stolen From Chinese Mining Pool LuBian
Arkham found a major 2020 hack of LuBian mining pool that stole 127,426 BTC, likely caused by weak private key security.

Lido Lays Off 15% of Staff to Cut Costs
Ethereum staking platform Lido is cutting 15% of its team to lower expenses and stay focused on long-term goals.

Bitcoin Miners Had Most Profitable Month Since Halving
Bitcoin miners made strong profits in July thanks to high prices, reaching their best earnings since the halving in April 2024.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Bankless – Ben Cowen: Ethereum Season Is Here | How Far Can ETH Go? (04.08.2025 Summary)

So Ben Cowen thinks it's officially Ethereum Season. Since April, altcoins and even Bitcoin have been bleeding against ETH. His big point is that ETH is offering the upside of altcoins - without the huge downside risk. Basically, it’s the “safe” growth bet right now.

• He says ETH has “gone home,” meaning it reached its expected bottom versus Bitcoin, which historically kicks off its major rallies.
  

• Now, he believes ETH is heading toward new all-time highs - maybe $6K to $7K - though not in a straight line. He expects a potential pullback around September or October before a bigger move up.

Ben’s core thesis? ETH has momentum, altcoins don’t (yet), and trying to beat ETH with smaller coins is riskier right now. So if you’re in crypto, sticking with ETH and Bitcoin makes the most sense until alts “go to their range lows,” which could signal their time to shine - but that’s likely months away.

In short, ETH is the star of the show for now.

Josh Olszewicz – Ran Out of July Steam (04.08.2025 Summary)

Josh says July started strong but ended without much action, and August and September probably won’t be very exciting either.

• Crypto had a good run earlier this year, especially ETH, but now things have slowed down - which is normal for this time of year. These months are usually quiet before things pick up again in October.
  

• He also points out that money flowing into crypto ETFs is going down - which usually means weaker price movement. On top of that, there's some negative news in the economy - like bad job numbers, rising prices, and global tensions - none of which help the market.

Right now, he doesn’t see any good reasons to enter trades. His advice is to wait and not try to force anything. If you trade too much in this kind of market, you might just end up losing money. His plan is to be patient, watch the charts, and be ready for better opportunities - most likely in October.

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