FameEX Morning Crypto News Recap | August 7, 2025
2025-08-07 04:16:23Trump Responds to India’s Russian Oil Imports with Steep 25% Tariff
On August 6, Trump signed an executive order imposing a 25% tariff on Indian goods in response to India’s Russian oil purchases, the White House announced. The move led to a sharp spike in oil prices, reaching an intraday high.
White House Pushes for Temporary Federal Reserve Governor Amid Vacancy
On August 2, the Federal Reserve announced Governor Quigley would resign the following week, creating an early vacancy. By August 6, Trump’s advisers advocated appointing an interim Federal Reserve Governor with government experience, subject to Senate confirmation, to temporarily fill the position.
15-Day Surge in Bitcoin Holdings by Whales and Retail Investors
On August 6, Glassnode reported that whales and retail investors increased their Bitcoin holdings over the past 15 days, likely buying the dip during the recent pullback. However, the insight is based on lagging data, using a smoothed 15-day average rather than real-time metrics.
Fed Could Begin Cutting Rates in September Following U.S. Labor Report
James Knightley, chief international economist at ING, highlighted that the latest U.S. jobs report exposed labor market weakness. Revised figures showed a marked slowdown in summer hiring and declining business confidence. These developments could prompt the Federal Reserve to initiate interest rate cuts as early as its September policy meeting.
Bitcoin Market Enters Consolidation with Falling Liquidity and Buyer Interest
On August 6, Glassnode’s market report indicated that Bitcoin is retesting a low-liquidity zone below the $114,000 level. Market momentum is weakening, with investor behavior showing increased caution, suggesting the market has entered a cooling or consolidation phase amid reduced trading activity and demand.
21Shares: Bitcoin Influenced More by Algorithms and Charts Than Fundamentals
21Shares strategist Matt Mena noted that predicting Bitcoin’s price is difficult because it reacts strongly to macroeconomic data, central bank decisions, and regulatory developments. Unlike traditional assets, Bitcoin is highly influenced by technical chart levels. Variations in liquidity across decentralized exchanges, along with algorithmic trading and on-chain signals, play a major role in shaping price trends. As a result, Bitcoin often moves based on technical patterns and automated strategies rather than fundamental news, setting it apart from conventional financial markets in behavior and dynamics.
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