August Surprises Again

DAILY MARKET OVERVIEW

The Market Explodes

🟢 Hey, Crypto Enthusiasts! Just when everyone was dozing off for a slow summer grind, the market decided to throw us a curveball, and a green one at that.

📈 Bitcoin pushed up to $116,800 and ETH touched $3,865 before running into strong resistance.

Both have pulled back a bit since, but the move lit up the charts and grabbed everyone’s attention.

So… what sparked today’s action?

The return of ETF inflows gave us a small tailwind, but the real fuel came from traditional markets. Stocks are rallying on strong earnings reports, and crypto, always eager to chase momentum, followed quickly.

🍎 Apple is leading the charge after announcing a massive $100B investment in U.S. manufacturing. That kind of headline is investor catnip - politically smart, economically bullish, and confidence-boosting all around.

👑 Ethereum was today’s standout. Nearly touching $4K, it’s getting serious attention as:

• Daily transactions hit new all-time highs

• Big money continues accumulating ETH

• Exchange supply keeps trending down

With this kind of backdrop, many are asking: is ETH preparing for a run at new all-time highs?

Too soon to call, but sentiment is definitely going that direction.

📊 For now, we’re seeing a bit of a cool-down. The rest of the week will tell us if this rally has legs - or if it’s another summer tease. A combination of strong corporate earnings and growing expectations of rate cuts might just be enough to keep the party going.

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🎯 More Crypto Insights

Let’s take a look at what’s popping across the altcoin space today:

🔗 Chainlink (LINK)

LINK is catching some eyes after announcing the launch of Chainlink Reserve - a long-term strategic reserve which will buy LINK from the market using revenue.

So far, it holds 65.5K LINK (~$1.16M) with no short-term plans to sell. As adoption grows, so will the reserve. The buyback narrative is giving LINK a nice push.

🔥 Pump.Fun (PUMP)

After a rocky start post-token launch, the PUMP team is turning things around. Today, they kicked off a major buyback using over $4M in platform revenue to buy PUMP. That’s helping sentiment and pushing the token back toward its ICO price of $0.04.

🧪 Lido (LDO)

Lido, the leading ETH staking protocol, is gaining renewed attention as Ethereum Staking ETFs now seem inevitable, following the SEC’s softer stance on liquid staking, which is no longer viewed as a security.

👇 Market Thoughts

Today’s breakout was a much-needed breath of fresh air for the market. Sentiment got a boost, but we’re not flipping full bull mode just yet. Corrections are still on the table.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Ethereum Hits All-Time High in Daily Transactions
Ethereum processed 1.74 million daily transactions on August 5, beating its 2021 peak, thanks to stablecoin activity and rising institutional interest.

Trump Opens 401(k)s to Crypto With Executive Order
President Trump is signing an order to allow crypto and private equity in retirement plans, potentially bringing billions in new capital to crypto markets.

Cosmos Health Secures $300M for Ethereum Treasury Strategy
Cosmos Health is launching a $300 million Ethereum treasury plan, combining blockchain innovation with long-term balance sheet growth.

MetaMask Adds Support for Sei Blockchain
MetaMask has integrated Layer 1 blockchain Sei, giving users access to Sei apps and tokens while boosting the wallet’s multi-chain capabilities.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Ivan On Tech – BITCOIN: CYCLE TOP IN OCTOBER SCENARIO!!! (07.08.2025 Summary)

1. Bitcoin Still Bullish – But Watch October

Ivan believes Bitcoin is heading toward $150K, possibly by October. The market remains bullish overall, but he warns that October could be a key turning point.

2. The M2 Money Supply Warning

Bitcoin’s price has been closely tracking the global M2 money supply (basically, how much money exists worldwide).

• If M2 keeps dropping in October, the bull cycle may peak or slow down.

• If Bitcoin hits $150K fast and M2 stays weak, Ivan says that could signal the top of the cycle.

3. Two Scenarios to Watch

• Scenario 1: Bitcoin hits $150K and then cools off for months (not a crash, but a slow bleed).

• Scenario 2: Bitcoin breaks above $150K, creating a massive blow-off top – followed by a sharper correction.

4. Market Still Healthy

Right now, sentiment is neutral, not greedy. Ivan thinks the pullback to $115K was healthy, resetting emotions and preparing for the next move up.

5. October = Historically Bullish

October has been a strong month for Bitcoin historically. Ivan expects a rally, but warns to stay cautious after mid-month if M2 doesn’t rebound.

Lark Davis – Will August Be A Bad Month For Crypto? (07.08.2025 Summary)

1. August = Historically Rough

August tends to be a quiet and tricky month for markets. Many big investors are on summer vacation, which means lower trading volume. With fewer people trading, prices can swing more easily in both directions. In Asia, “ghost month” also makes investors more cautious.

2. Bitcoin & Ethereum in August

• Historically, Bitcoin usually performs poorly in August

• But in post-halving years (like 2025), it has actually done well:

  • +30% in 2013

  • +65% in 2017

  • +13.8% in 2021

Ethereum has also seen strong August gains in those years.

3. Macro Factors to Watch

• Interest rates are still high, which isn't great for crypto

• But weak job data could push the Fed to cut rates in September

• If markets expect that, we might see some excitement early

4. The Bottom Line

August could still be bumpy, but the bigger moves might come in Q4. If you're in crypto for the long run, don't get shaken out by short-term dips.

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