FameEX Morning Crypto News Recap | August 7, 2025

Trump Targets Indian Goods with 25% Tariff in Response to Russian Oil Purchases

On August 6, the White House announced that Trump signed an executive order imposing a 25% tariff on Indian goods due to India’s continued purchase of Russian oil. The decision triggered a sharp rise in oil prices, pushing them to an intraday high.

Trump Advisers Urge Appointment of Interim Fed Governor to Fill Vacancy

On August 2, the Federal Reserve announced Governor Quigley’s resignation effective next week, creating an early vacancy. By August 6, Trump’s advisers urged the appointment of an interim Fed Governor—requiring government experience and Senate approval—to fill the role temporarily.

Net Bitcoin Accumulation Grows for Whales and Retail Investors in 15-Day Span

On August 6, Glassnode reported that both whales and retail investors increased their Bitcoin holdings over the past 15 days, suggesting they were buying the dip during the recent pullback. However, the data is lagging, based on a smoothed 15-day average, not real-time activity.

U.S. Jobs Report Opens Door for Potential Fed Rate Cut in September

James Knightley, ING’s chief international economist, noted that last Friday’s U.S. jobs report revealed labor market weakness. Revised data showed a sharp slowdown in summer hiring and negative business sentiment. These factors may push the Federal Reserve to begin cutting interest rates as early as the September meeting.

Bitcoin Market Faces Adjustment as Liquidity and Demand Decline

On August 6, Glassnode reported that Bitcoin is retesting a low-liquidity zone below $114,000. Market momentum has slowed, and investors are adopting more cautious positions, signaling a potential consolidation or adjustment phase.

Bitcoin’s Trend Shaped by Technical Signals and Algo Trading, Says 21Shares Analyst

21Shares strategist Matt Mena explained that Bitcoin’s price is challenging to forecast due to its sensitivity to macroeconomic data, central bank policies, and regulatory events. Unlike traditional assets, Bitcoin heavily responds to technical chart levels. Liquidity differences across decentralized exchanges, combined with algorithmic trading and on-chain data signals, mean that Bitcoin’s price trends are often influenced more by technical patterns, market positioning, and automated strategies than by fundamental news. This makes Bitcoin’s behavior distinct from conventional financial markets.

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