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Bitcoin Nears $115K as Trump Tariffs Sour Bullish Crypto Mood
Bitcoin is holding near $114,500 in early Asia trading, while ether was sitting above $3,550 — both still within short-term support zones.
This came as U.S. President Donald Trump levying fresh tariffs across Asia and Europe dampened the mood in the global market, with risky bets suffering.
“The dip was driven by concerns over Trump’s tariff stance and the Fed’s signal that it’s not keen to cut rates soon. But opportunistic buyers are already stepping in before U.S. markets open, indicating the fear may be overdone,” said Jeff Mei, COO at BTSE, in a Monday note to CoinDesk.
Trump Nets Over $26M in Crypto Donations This Year, New Filings Reveal
Campaign finance records show that contributions to the pro-Trump super PAC, MAGA Inc., came from some of the biggest names in crypto, according to a recent report from Axios.
Blockchain.com led the list with a $5 million donation. Venture capitalists Marc Andreessen and Ben Horowitz each gave $3 million, while Gemini Trust added nearly $3 million.
Strategy Pauses Bitcoin Buying as Saylor Skips Weekend Tracker Update
Michael Saylor, founder of Strategy, did not release the usual Bitcoin Tracker update over the weekend, raising speculation that the firm may have paused its Bitcoin accumulation.
Historically, MicroStrategy has disclosed BTC purchases the day after related market activity or announcements, suggesting a possible deviation from its long-standing acquisition strategy. MSTR is down over 12% in the last five days.
Former Chancellor George Osborne Warns UK Is Falling Behind in Global Crypto Race
Former UK Chancellor George Osborne has cautioned that Britain is being “completely left behind” in the crypto and stablecoin space, calling on the new Labour government to act. In an op-ed for the Financial Times, Osborne urged Chancellor Rachel Reeves to introduce a clear regulatory framework, warning that the UK’s risk-averse stance is costing it a competitive edge.
Citing progress in the US, EU, Singapore, and Hong Kong, Osborne said Britain must “catch up” or risk missing out on a financial revolution akin to the 1980s Big Bang reforms.
Metaplanet Adds 463 BTC to Holdings, 2025 Bitcoin Yield Surges Over 450%
Japanese investment firm Metaplanet has acquired an additional 463 BTC for approximately $54.1 million, averaging around $116,900 per Bitcoin. This brings its total holdings to 17,595 BTC, worth over $2B, accumulated at an average cost of roughly $100,500 per coin.
As of August 4, 2025, the firm’s year-to-date Bitcoin yield stands at an impressive 459.2%, further cementing its position as one of Asia’s most aggressive corporate Bitcoin accumulators.
Bitcoin Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Friday was $812.25 million. The total net asset value of Bitcoin spot ETFs is $146.48 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.46%.
The Bitcoin spot ETF with the highest net outflow on Aug 1 was Fidelity Wise Origin Bitcoin Fund , with a net outflow of $331.42 million. Following that was ARK 21Shares Bitcoin ETF , with a net outflow of 327.93 million, according to SoSoValue.
Source: SoSoValue