Bitcoin News Today: BlockDAG Presale Hits $361M as Crypto Eyes Fed Policy and ETH Outlook

Ethereum (ETH) remains in a consolidation phase, trading near $3,800 as long-term forecasts project it could climb to $4,800 by late 2025, driven by growing institutional adoption and the expansion of Web3 applications [1]. Meanwhile, PEPE continues to face volatility, currently hovering at $0.00001148. Technical indicators suggest a possible decline if key support levels break, though a bullish RSI divergence offers some hope for a reversal [1].

However, the most immediate buzz in the cryptocurrency market has shifted to BlockDAG (BDAG), a project that has raised over $361 million during its presale phase. The project is offering a 10 BTC Auction Pool as an incentive to buyers, with the presale set to close on August 11 [1]. Investors who purchase BDAG during this period gain entry into the Bitcoin giveaway, with rewards distributed based on purchase volume. Winners will be announced on August 15, making this the final stretch to secure BDAG at the discounted price of $0.0016, a rate that analysts estimate could yield returns of up to 3,025% once the coin hits its confirmed $0.05 listing price [1].

The presale has already attracted significant attention, with early participants from the first batch reporting gains of 2,660% [1]. Some analysts speculate that BDAG could surge to $1–$5 post-launch, depending on initial market momentum [1]. This makes the final week of the presale a high-stakes opportunity for investors seeking exposure to a rapidly rising project in the crypto space.

Amid this activity, broader macroeconomic developments continue to shape investor sentiment. The U.S. economy’s performance, particularly in the services sector, is under close scrutiny, with key indicators like the July Services PMI and ISM Non-Manufacturing PMI offering insights into whether the Federal Reserve might delay or accelerate interest rate cuts [2]. A strong PMI reading could push back the timeline for cuts, potentially increasing pressure on risk assets like Bitcoin and Ethereum, while weak data could support a more dovish policy environment, which is historically favorable to crypto markets [2].

This week also includes the 10-Year Treasury Auction and Jobless Claims report, both of which could influence borrowing costs and risk appetite. Higher yields may reduce demand for speculative assets, whereas a rise in unemployment claims could signal a cooling labor market, potentially prompting the Fed to ease policy [3].

Analysts note that the link between macroeconomic developments and crypto performance has grown tighter, with market participants closely monitoring comments from Fed officials, including Chair Jerome Powell, for any clues about the central bank’s next move [2]. In addition, the ongoing S&P 500 earnings season, particularly strong results from tech and AI companies, continues to underpin risk-on sentiment across asset classes [2].

While BlockDAG’s 10 BTC giveaway is capturing short-term attention, the future of ETH and PEPE will ultimately depend on broader economic conditions and how the market interprets central bank actions. The convergence of promotional activity and macroeconomic volatility highlights the dynamic nature of the crypto market, where both speculative opportunities and fundamental factors play a role in shaping investor decisions [2].

Source:

[1]title1: 10 BTC Up for Grabs: BlockDAG Pulls Ahead of Dogecoin and AVAX Bullish Outlooks (https://coinedition.com/tag/press-release/)

[2]title2: U.S. Economic Data to Shape Crypto Market (https://www.coingabbar.com/en/crypto-currency-news/us-economic-data-to-shape-crypto-market?srsltid=AfmBOord1K_sminycj2sAbPzCih1VJgRNtUiiK9o7lzkEkmxBsBldNsg)