Crypto markets saw a quiet start to the week, trading sideways with Bitcoin (BTC) holding near $115,000 and Ether (ETH) above $4,200. The weekend was marked by profit-taking, as major altcoins like Solana (SOL) and XRP dropped by nearly 5%, while BNB, Dogecoin, and Cardano (ADA) also saw slight dips.
According to analysts like Nick Ruck of LVRG Research, traders are awaiting new macro signals from the U.S. stock market. A key point of focus is the potential Fed rate cut in September. This event could either extend crypto’s “risk-on” momentum or revive its historical correlation with gold as a “digital gold” asset.
Ruck noted that while both Bitcoin and gold have historically converged during periods of monetary easing, their recent trajectories have diverged. Gold has surged to all-time highs due to central bank demand and geopolitical tensions, while Bitcoin’s performance remains tied to institutional adoption and the Fed’s policy.
Jeff Mei, COO at BTSE, stated that the crypto market will likely mirror U.S. stock indices when they open. He also highlighted that upcoming retail earnings reports from companies like Walmart and Target could provide insights into the broader economic environment, influencing market sentiment and potentially triggering a reaction from crypto traders. The coming weeks are seen as crucial for determining whether Bitcoin will revert to its safe-haven role or continue to follow the liquidity cycle alongside risk assets.
August 2025, Cryptoniteuae
