Bitcoin News Today: Bitcoin Stabilizes Amid Tariff Uncertainty, Eyeing Fed Rate Cut in September

Matrixport has reinforced its belief that a U.S. Federal Reserve rate cut is likely to occur in September 2025, despite the recent market turbulence sparked by the implementation of new tariffs by Donald Trump on August 7 [3]. In its latest weekly research report, the firm highlighted that the market is currently in a consolidation phase, with Bitcoin (BTC) showing signs of waning momentum as trading volumes and funding rates have declined [1]. The firm noted that the $112,000 support level, which previously held during the initial pullback, has not yet been firmly retested, and a potential break below that level could shift the focus to the $106,000 range [1].

The broader market remains cautious, with investors waiting for new catalysts to emerge as most positive factors have already been priced into asset valuations [1]. Although corporate earnings have largely exceeded expectations, the market has yet to respond with a significant upward move, suggesting that the current environment is one of uncertainty rather than optimism. This sentiment is further reinforced by the subdued activity in the derivatives market, where funding rates and trading volumes have both shown signs of cooling off [1].

Matrixport also emphasized that the key question surrounding Bitcoin is whether the repricing of U.S. economic growth expectations will lead to a meaningful increase in actual market volatility. The firm pointed out that publicly listed companies with large Bitcoin holdings have seen a contraction in their Net Asset Value (NAV), which in turn has limited their ability to raise capital and add to their Bitcoin positions [1]. This trend, combined with continued selling pressure from early investors, remains a drag on market sentiment.

While some analysts, such as Chris Beauchamp from IG, have suggested that the resurgence of inflationary signals makes a September rate cut increasingly unlikely, Matrixport maintains that the market has not fully discounted the possibility of a Fed policy shift [3]. The firm’s view is aligned with the broader narrative of accommodative monetary policy in the short term, despite recent macroeconomic headwinds like inflation and weak job growth [3].

The firm also noted that the crypto market has shown some resilience amid the uncertainty, with Bitcoin stabilizing around $114,603.42 as of August 7 [3]. Over the past 24 hours, BTC posted a minor 0.51% gain, but it has declined by 3.14% over the past week, reflecting a cautious and mixed sentiment [3]. Although the recent tariff measures have not yet had a direct impact on crypto assets, the firm warned that prolonged trade tensions could lead to regulatory and market shifts that indirectly affect digital asset prices.

As the market continues to wait for clarity, Matrixport advises investors to remain patient and monitor central bank communications closely [3]. The path to a potential rate cut may still be subject to change based on incoming economic data, and the firm recommends a disciplined approach to portfolio management during the consolidation period. Technical indicators, such as the oversold stochastic oscillator, may suggest short-term rebounds, but these are likely to remain limited in scope and duration [1].

Sources:

[1] Matrixport: Reinforcing the View of "Rate Cut in September," Near-Term Market Trend May Still Consolidate (https://www.theblockbeats.info/en/flash/306460)

[3] Bitcoin Steadies Amidst Market Volatility as Trump Enacts... (https://coincu.com/markets/bitcoin-resilience-trump-tariffs-impact/)