Top 3 Events That Could Move Crypto Markets This Week

As August begins, the crypto market faces a turbulent week filled with major economic data, global trade tensions, and earnings reports that could sway investor sentiment.

1. Crypto Slides as Trade Uncertainty Rattles Investors

The cryptocurrency market took a steep hit over the weekend, with Bitcoin sliding back to a critical support level near $112,000. The sharp decline came as global risk sentiment weakened, driven by renewed trade friction and disappointing U.S. job numbers.

Last week, President Trump announced new “reciprocal” tariffs via executive order. The move reintroduced trade fears that had temporarily faded. At the same time, a weaker-than-expected U.S. jobs report added more pressure, sending shockwaves across financial markets.

The tension isn’t over yet. A new round of U.S. import tariffs is set to begin on August 7, while trade talks with China resume before a crucial August 12 deadline. If the current pause in tariff escalation is lifted, volatility could return in full force.

2. Key Economic Reports May Guide Market Direction

Several high-impact U.S. economic indicators are on the calendar this week and could influence both crypto and traditional markets:

• Monday: The S&P Global Services PMI will be released, offering insight into business conditions in the U.S. services sector.
• Tuesday: The ISM Non-Manufacturing PMI will follow, and investors will look for signs of slowing growth, especially after last week’s soft jobs data.
• Thursday: Jobless claims figures will be in focus, potentially reinforcing concerns about the labor market.

Additionally, Federal Reserve Chair Jerome Powell will speak at the Kansas City Fed’s annual policy event. His remarks may provide clues about interest rate cuts at the next Fed meeting in September.

“The weak July jobs report increases pressure on the Fed to cut rates later this year,” said Bill Adams, Chief Economist at Comerica Bank.

3. Earnings Season Could Fuel More Volatility

Earnings season continues, with over 50% of S&P 500 companies already reporting results. Strong performances from tech and AI firms have boosted confidence, but more earnings are on the way.

Notable names like Palantir and AMD will report this week, and any surprises—positive or negative—could ripple into crypto markets.

Key Events This Week:

1. July S&P Global Services PMI data – Monday

2. July ISM Non-Manufacturing PMI data – Tuesday

3. 10-Year Note Auction – Wednesday

4. Initial Jobless Claims data – Thursday

5. Total of 5 Fed speaker events this week

6. ~20% of S&P 500 companies report…

— The Kobeissi Letter (@KobeissiLetter) August 3, 2025

“Volatility has returned as August kicks off with earnings season in full swing,” noted analysts at The Kobeissi Letter.

Crypto Market Update: Signs of Recovery, But Caution Remains

After hitting a three-week low, the crypto market is showing mild recovery. During Monday’s Asian trading session, total market capitalization climbed back above $3.8 trillion.

• Bitcoin (BTC) bounced from $112,000 to around $114,500, but remains 6.7% below its all-time high. August is traditionally a weak month for Bitcoin, and traders remain cautious.
• Ethereum (ETH) dipped to just under $3,400 on Sunday but has since recovered to $3,560, staying within its familiar trading range.

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