Weekly Crypto Market Update (July 28 -August 3)

The market took a breather this week. After six straight weeks of green candles, Bitcoin slipped below $115,000 and Ethereum fell under $3,500. This move triggered a wave of liquidations, with over $900 million wiped out across exchanges.Several macro factors played a role in the pullback. New U.S. tariffs, weaker jobs data, and a continued hawkish stance from the Federal Reserve weighed heavily on risk assets. As a result, altcoins saw heavy profit-taking. Despite the correction, this weekly crypto update isn’t all bearish.

This reset may turn out to be a much-needed cooldown. Indicators had been flashing overheated signals for weeks. Now, with the odds of a September Fed rate cut rising to 75–80% and Governor Adriana Kugler stepping down, the macro outlook is softening. That could create a bullish setup for altcoins heading into Q4.

Institutional flows haven’t slowed. Ethereum and Bitcoin ETFs continue to see strong inflows, and whale wallets remain in accumulation mode. Underneath the market noise, several altcoins quietly posted strong gains, driven by actual development and adoption.

Top Gainers This Week

$BNKR (+51%)

BNKR surged after being listed on Coinbase, one of the biggest platforms for U.S.-based traders. Listings like these usually trigger strong demand, and this time was no different. The coin outperformed most others in this weekly crypto update, even as the broader market declined.

$EMYC (+32%)

EMYC rallied after it received full U.S. Money Services Business (MSB) licensing approval. This regulatory win gave it a significant credibility boost, particularly in an environment where compliance matters more than ever.

$ZBCN (+28%)

ZBCN saw continued momentum with strong adoption of Zebec’s real-time payroll infrastructure. More companies are using the service, and the token benefited from growing transactional volume. This makes ZBCN one of the bright spots in this weekly crypto update.

$CFX (+19%)

Conflux saw gains following the release of v3.0.0, an upgrade focused on EVM compatibility. That technical improvement opened the doors for easier migration of Ethereum-based dApps, attracting more developer interest.

$PUMP (+17%)

PUMP bounced back after last week’s FUD-driven drop. The team addressed concerns around the airdrop delay, restoring confidence and calming the community. It’s a good example of sentiment reversing quickly within a weekly crypto update cycle.

Top Losers This Week

$GP (–46%)

After several days of strong upward momentum, $GP faced sharp profit-taking. Traders moved to lock in gains, and the correction came fast. It’s the biggest percentage loser in this weekly crypto update, but not necessarily a red flag for long-term holders.

$CREO (–36%)

CREO’s drop was mainly due to silence. With no updates or progress visible, confidence dipped. In fast-moving markets like this, lack of communication can lead to quick sell-offs.

$COA (–34%)

COA saw early investor exits following its recent launch. Without enough demand on the buy side, the token struggled to maintain price levels. It’s a reminder that launch hype doesn’t always translate to sustained growth, as seen in this weekly crypto update.

$VINE (–24%)

VINE’s losses were tied to price manipulation concerns. After gaining traction through hype, low liquidity allowed for extreme swings. As traders exited, the price slipped hard.

$IDEX (–18%)

IDEX had already surged over 200% in July, so this week’s pullback was expected. Sellers dominated as momentum faded, placing IDEX among the top losers in this weekly crypto update.

Closing Thoughts

Despite the red candles, the tone of this weekly crypto update leans cautiously optimistic. Yes, macro events caused turbulence. But several altcoins still managed to shine, supported by progress on the product or regulatory fronts.

This week’s correction appears healthy. Indicators are cooling off, rate cut expectations are rising, and ETF momentum remains intact. Whale activity also suggests that big players aren’t panicking — they’re buying the fear.

As we wrap up this weekly crypto update, one thing is clear: projects that are building and communicating consistently are the ones getting rewarded. If the macro backdrop improves, they could lead the next leg up.

So while this week reflects a reset in prices, the underlying market structure still looks strong heading into Q4.