🚨 Gold Update: Bulls Eye $3,500 Again? 📈
08 Aug 2025
05 Aug 2025
📰 Bitcoin Price Today: Flat at $114K Amid Economic Uncertainty, Ether Gains on Treasury News
Bitcoin (BTC) remained rangebound around $114,373 early Tuesday as traders showed caution amid global economic uncertainty and U.S. trade tariffs. In contrast, Ether (ETH) saw an upbeat push, rising nearly 3.4% after 180 Life Sciences announced a $425 million allocation to build an Ether treasury.
📉 Bitcoin Struggles Amid Uncertainty
BTC/USD: $114,373.5 (-0.25%)
Traders remained hesitant due to:
Weak U.S. nonfarm payrolls data
Uncertainty over President Trump's new trade tariffs
Limited reaction to corporate Bitcoin purchases (Metaplanet, Strategy)
Bitcoin has been stuck in consolidation since reaching a record high in mid-July, reflecting cooling sentiment and profit-taking after strong earlier gains.
📈 Ether and Altcoins Rebound
ETH/USD: $3,656.14 (+3.4%)
Rally supported by:
$425 million Ether treasury funded by 180 Life Sciences (ATNF)
Rebranding to ETHZilla Corp and possible $150M more in fundraising
🪙 Altcoins Performance:
XRP: +1.7%
Cardano (ADA): +1.8%
Solana (SOL): +3.7%
Dogecoin (DOGE): +2.7%
TRUMP token: +0.4%
🌍 Macroeconomic Weigh-In
Trump threatens tariffs on India over Russian oil purchases
Result: INR hits record lows, markets wary
While a September Fed rate cut is expected, crypto markets ignored Wall Street’s overnight rebound
🧠 Key Takeaway:
Bitcoin is trapped in a cautious range as macroeconomic fears loom, while Ether gains ground on major institutional backing – possibly shifting investor attention toward altcoins in the short term.
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