Week of July 29 - August 4, 2025
Ray Dalio, the renowned hedge fund manager, now recommends investors allocate approximately 15% of their portfolios to Bitcoin or gold as a hedge against rising U.S. public debt and a weakening dollar. This marks a significant increase from his previous 2022 recommendation of just 1–2%.
Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), has confirmed that Ethereum (ETH) is classified as a commodity, not a security, similar to Bitcoin. He also noted a growing trend of adoption among businesses and financial institutions, underscoring a positive long-term outlook for Ethereum and the broader industry. However, the SEC has not yet issued an official declaration regarding Ethereum’s status.
Bitwise reports that Ethereum is set to benefit most from the new U.S. crypto legislation, especially in the areas of tokenization and stablecoins. Over the past week, the ETH/BTC pair surged by 27%, while Bitcoin dominance fell by 6%, signaling a capital shift from Bitcoin to altcoins led by Ethereum.
Blockware analysts believe the introduction of the Bitcoin ETF has fundamentally altered Bitcoin’s price patterns, leading to less extreme bull and bear cycles. Since the ETF’s launch in January 2024, volatility has dropped significantly, with price action trending more range-bound, potentially causing short-term speculators to lose interest and exit the market.
World Liberty Financial has resumed Ethereum accumulation, recently purchasing 3,473 ETH at an average price of $3,743 and staking the tokens for additional yield. The company now holds approximately 73,616 ETH, valued at around $275.9 million.
Bit Origin, a Nasdaq-listed company, has invested in Dogecoin (DOGE), acquiring 40.5 million DOGE at an average price of $0.2466. The company plans to invest up to $500 million, citing DOGE’s potential as micro-payment infrastructure.
Meanwhile, the team behind Pudgy Penguins denied rumors of an acquisition of NFT marketplace OpenSea, instead revealing they are pursuing major partnerships with brands including Lufthansa and NASCAR.
Bitcoin (BTC) is currently consolidating after reaching a new all-time high, likely building momentum for its next move. Investors are eyeing entry points at no lower than $112,000, with the resistance target set around $130,000.
Ethereum (ETH) is in a short-term correction following a strong rally, with the RSI signaling overbought conditions. Traders are watching for entry opportunities near the $3,250 support level. The first upside target is $4,000, with the medium-term goal to revisit the previous all-time high at $4,800.
Convex Finance (CVX) delivered a 16.63% gain over the past week, boosted by positive sentiment around the launch of a yuan-backed stablecoin. The short-term trend remains bullish. Look for buy opportunities on pullbacks above $4.675, with profit-taking at the $7.00 resistance.
PancakeSwap (CAKE) gained 13.15% last week, supported by renewed interest in DeFi. The trend shows signs of a bullish reversal. Consider a buy-on-dip approach, with the first support at $2.826 and a profit target at $3.400.
Profit-taking pressure emerged toward the end of the week after a strong rally. Ethereum (ETH) continues to outperform the market and Bitcoin, which is currently moving sideways.
Key economic events this week include the U.S. Q2 GDP forecast (Wednesday, July 30), expected to show 2.4% growth, an improvement from last quarter’s contraction of 0.5%. The FOMC meeting also takes place on Wednesday, with the interest rate expected to remain at 4.5%. Investors will be watching for clues about the Fed’s plans to cut rates in September.
On Friday, August 1, the U.S. will release Non-Farm Payrolls (NFP), forecasting 108,000 new jobs, down from 147,000 previously, which could impact the U.S. dollar’s trajectory.
Major tech companies including Apple, Microsoft, Meta, and Amazon will announce Q2 earnings this week. These results may drive the S&P 500 to new highs, potentially benefiting crypto markets as well.
Investment Strategy: Focus on tokens that have attracted private company investments, as they may see increased speculative activity. Look for opportunities to accumulate during short-term price pullbacks. Overall, market momentum continues to favor the ongoing Altcoin Season.
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