🔔 SUMEX Monday Watchlist: Top Crypto Shakers (August 4)

Crypto prices are stabilizing after Friday’s bloodbath driven by a triple threat of macro shocks: Trump's tariff order, escalating geopolitical tensions, and a dismal jobs report. BTC has rebounded from below $114K — its lowest level in three weeks. Here's what's moving markets this Monday.

Key Monday News

💼 Labor Market Fears Spark Sell-off

The July US jobs report revealed just 73K new hires and a drastic 258K downward revision for May and June. Trump ordered that the Bureau of Labor Statistics commissioner be fired, accusing her of "rigging" the data. While weak numbers increase Fed cut odds, they reveal economic weakness that has spooked investors.

💣 Geopolitics Adds Fuel to Fire

Last Friday, Trump escalated tensions by announcing the repositioning of two US nuclear submarines in response to "highly provocative" remarks from former Russian President Medvedev. The Truth Social post intensified a flight to safety, with traders dumping even more crypto for traditional assets like Treasuries.

🇨🇳 US-China Deal May Ease Tensions

Bitcoin’s plunge below $114K came after Trump’s executive order imposing new levies on 67+ countries. Tariff fears fueled profit-taking — which is also natural after a strong run. Some view the dip as a temporary correction, saying a potential trade deal with China could remove a lot of the macro uncertainty.

💸 Trump Media’s $2B Bitcoin Treasury

Trump Media and Technology Group has disclosed a $2B crypto treasury (BTC + BTC-related securities) — one of the largest among US-listed companies. It has also allocated $300M toward an options-based strategy focused on these assets, with potential conversion to spot holdings depending on market conditions.

📉 Crypto ETF Outflows

August 1 saw the year's second-largest daily crypto ETF outflows: Ether ETFs ended a record 20-day inflow streak (-$153M) while Bitcoin funds lost $812M. This reversal came despite positive regulatory developments, including in-kind redemptions, fast-track filings for altcoin ETFs, and the SEC's Project Crypto initiative.

Macro Signals to Watch

🛠 S&P Global Services PMI for July (Aug. 5): Projected at 55.2 (unchanged). A steady or higher reading could divert capital from crypto to traditional markets.

🧰 ISM Non-Manufacturing PMI for July (Aug 5): Forecast at 51.5 (above 50 = expansion). This uptick would reinforce dollar strength, creating crypto headwinds.

👨‍💻 US Initial Jobless Claims (Aug 7): The expected rise to 221K (from 218K) could amplify labor market concerns, pressuring crypto despite higher Fed cut odds.

💳 US Consumer Credit (Aug 7): The $7.20B forecast would show modest recovery from May's plunge. Higher figures would strengthen the dollar at crypto's expense.

Top Movers: BONK vs. SEI

🔼 IP (+5.9%) — Defied the downturn, supported by the launch of the Grayscale Story Trust, which provides direct exposure to the intellectual property token.

🔽 SPX (-25.6%) — Entered August on a bearish note after July’s ATH, succumbing to macro pressure from tariffs, inflation fears, and a dismal US jobs report.

#cryptonews@sumex_official