Flipster Crypto Weekly (August 1)

August 1, 2025

This week was dominated by the Federal Open Market Committee’s decision to hold the federal funds rate at 4.25%–4.50% for a fifth consecutive meeting. However, attention shifted to the rare dual dissents from Governors Michelle Bowman and Christopher Waller, who advocated for immediate rate cuts amid slowing growth and weak consumer trends—marking the first such split since 1993. Chair Powell maintained a cautious, data-dependent stance, citing persistent inflation and tariff-related risks. Meanwhile, initial jobless claims rose slightly by 1,000 to 218,000, with continuing claims steady at 1.946 million, signaling a resilient yet gradually softening labor market, reinforcing the Fed’s wait-and-see approach.

Bitcoin (BTC)

Weekly performance: -2.43%

Year-to-date (YTD) performance: +23.76%

Bitcoin (BTC) fell below its 21-day moving average (MA) during Thursday’s session, a key short-term support level that held throughout July. While BTC remains in a broader uptrend, this breakdown signals weakening bullish momentum in the near term. The next key support level to watch is $112,000, which aligns with the 50MA.

Ethereum (ETH)

Weekly performance: -0.73%

Year-to-date (YTD) performance: +10.53%

Ethereum (ETH) has broken below its 10MA, an indicator it had consistently traded above since the start of its strong rally in early July. Similar to BTC, this breach of a key short-term technical level suggests that ETH is losing bullish momentum in the near term. Furthermore, selling pressure should be expected as ETH approaches the $4,000 level, a significant psychological and historical resistance zone.

Solana (SOL)

Weekly performance: -7.19%

Year-to-date (YTD) performance: -10.34%

Solana (SOL) is on track for five consecutive days of losses, with the price down over 10% for the week as of this writing—marking a notably bearish stretch. The breakdown below the $178 support level and the 21MA further underscores weakening short-term momentum and presents a challenging near-term outlook for SOL.

MemeCore (M)

Weekly performance: +13.74%

Year-to-date (YTD) performance: -81.81%

MemeCore (M) appears poised to close the week with double-digit gains, defying the broader market selloff. This strong performance has placed M among Flipster’s top movers, highlighted by an impressive 17.03% gain on Thursday.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.