The beginning of August on the crypto market: Bitcoin goes back, the US regulates the market

The declines on the cryptocurrency market dismissed Bitcoin from a record valuation. The turmoil around the United States Customs Policy has reduced risk appetite, but regardless of the preservation of charts in the US, there is a radical change in the approach of regulatory agencies to cryptocurrencies.

Last Thursday and Friday, American ETFs on Bitcoin recorded an outflow for almost USD 1 billion. Because of this, last week was the first in 15 weeks, in which more funds were paid from the cryptocurrency ETF funds than paid. The total drainage amounted to USD 200 million, with USD 400 million from ETFs to Bitcoin.

On Saturday, August 2, Bitcoin fell to $ 112,296, which is the lowest level in a month, moving 8.5% from the record rate of 122 838 USD, achieved on July 14. Ethereum, whose valuation exceeded USD 3,900 a week ago, withdrew on Saturday to around USD 3,400.

Advertisement

📉 Last Week, Digital Asset Investment Products Saw Outflows of US $ 223M for the First Time in 15 Weeks.@Bitcoin Led the Outflows with us $ 404m while @ethereum Posted ITS 15th Straight Week of Inflows with us $ 133m. XRP (@Ripple),, @solanaand @Seinetwork Also Attracted Notable … pic.twitter.com/tpo67w0w3w

– Coinshares (@coinsharesco) August 4, 2025

The appetite for risky assets weakened the introduction of new American duties. Under the regulation signed on Thursday by President Trump, rates for imported goods from over 70 countries of the world were raised, including the main trading partner of the USA – Canada.

The mood at Wall Street also broke the Friday data from the American labor market. The number of full -time jobs increased in July less than the analysts predicted. Unemployment increased (to 4.2%). However, the reviews of May and June turned out to be particularly severe, which took over a quarter of a million full -time jobs, to which Trump reacted to the head of the work statistics office.

On Monday, the American stock exchange began to recover Animusz, because on a wave of poor data from the economy, the market began to believe more in the September cut of interest rates by the Fed. A slight reflection also appeared on the roar of cryptocurrencies, but the quotations of most of them were far from making the losses from the end of last week.

On Tuesday, August 5, at 13:00 the quotations of the most important cryptocurrencies were as follows:

• Bitcoin – 114,788 USD
• Ethereum – USD 3677.75
• XRP – USD 3.07
• BNB – 764.07 USD
• Solana – 170.70 USD.

Regulatory breakthrough

Macroeconomic conditions led to a slight correction on the cryptocurrency market. In addition to this in the USA there are great legislative changes supporting this class of assets. The American Commission of Securities and Stock Exchange (SEC) presented “Project Crypto” last Thursday – an initiative aimed at modernizing the rules and regulations so as to adapt them to cryptocurrencies. The project assumes, among others:

• simplifying licensing procedures for suppliers – brokers will be able to offer many asset classes in one license, including cryptocurrencies and shares,
• ensuring a transparent market structure – most cryptocurrencies will be defined as goods, and the rules regarding securities will cover only traditional financial instruments,
• Time periods for innovation – crypto projects at an early stage of development, ICO and decentralized software could benefit from temporary dismissals from some requirements to avoid premature lawsuits,
• Protection of self -custody – guaranteeing natural persons the right to have cryptocurrencies without intermediaries.

However, the most important and already made change for the cryptocurrency market, introduced by the new SEC chairman, can be considered a departure from the “regulating” principle of its predecessor by its predecessor Garry Gensler.

After taking office by Atkins, SEC ended several proceedings initiated against cryptocurrency companies – including A settlement with Ripple. In addition, many applications have been approved for admission of new ETF cryptocurrency. The principles of staking were also clarified, stating that the income achieved in this way is not synonymous with securities operations.

Less than a week after the cryptocurrency initiative presentation, the Commodity Futures Trading Commission (CFTC) presented their ideas in the area of this market. On August 4, the regulator announced the project “Crypto Sprint”, which aims to implement the recommendations contained in the recent report of President Trump's working group on digital assets. One of the specifics would be to enable the spotting cryptocurrency trading on the time of time -term contracts.

In addition to clear changes in the approach to the cryptocurrency market on the side of the most important regulatory agencies in the United States, legislative initiatives in Congress are taking place an independent track.

In the middle of last month, the House of US representatives approved the Genius law, which establishes rules for the Stablecoin market. In addition, a document was voted to establish a preliminary regulatory framework for the entire cryptocurrency sector and the “Anti-CBDC” act, prohibiting the emission of the central bank's digital currency.

Mm

Source: