The cryptocurrency market is witnessing an unprecedented wave of institutional engagement. This is the first bull market where corporate investors are venturing into cryptocurrencies with such organization and enthusiasm. The contingent, initially triggered by BlackRock’s ETF application in mid-2023, has metamorphosed into a scenario of unimaginable growth. Despite the optimistic news in the ETF sector, Trump’s aggressive stance was unexpected. Nevertheless, the cryptocurrency market remained unaffected by this political showdown.
Bitcoin ETF Insights
On Friday, Spot Bitcoin 
$77,560 ETFs experienced an extraordinary net inflow of $1.029 billion, with BlackRock responsible for $953 million of this substantial sum. This massive $1 billion acquisition occurs outside of exchanges, BTC treasury company purchases, and OTC trades. Predicting where this dramatic increase in demand could push prices is challenging. In the past three trading days, the total net inflow has exceeded $2.3 billion, marking unprecedented figures not seen for a long time.
Ethereum (ETH) 
$2,318 inflows remained at $204 million, though the previous day’s inflow reached $383 million. Compared to its market capitalization, ETH buyers demonstrate resilience, contrasting with BTC inflows, indicating that Ether buyers are not particularly weak.
Solana 
$86 (SOL) exhibited a rather disappointing performance, with Friday’s inflows limited to $10.7 million. This suggests that the risk appetite for SOL remains lower than desired. The previous day, there was a liquidation of $15 million for quick profits. Once the SOL Coin rally begins, this arena will be more impressive.
United States Tariffs
Trump delivered unsettling news to Mexico and the European Union, who will face significant taxes starting August 1. Though the EU was willing to make sacrifices, including shelving the digital tax, the tariff threat looms. Trump’s offer presents a choice: accept a 30% tariff or propose concessions to lower it. The EU’s response remains to be seen.
Interestingly, EU officials previously declared a preference for negotiations over receiving tariff letters. However, it was noted on Thursday and Friday that Trump declared his intention to send a letter, holding it as a bargaining chip. While the move may not immediately impact prices, it could negatively affect inflation in the medium and long term, potentially delaying interest rate cuts.
Elon Musk has persistently criticized Trump concerning Epstein. On Friday night, Trump responded with a statement on social media:
“Just like the FAKE Hillary Clinton/Christopher Steele Dossier they created against me, they made the Epstein Dossier, and now so-called ‘friends’ are spreading their lies. Why didn’t these Radical Left Maniacs use the Epstein Dossier if it contains ANYTHING damaging to the MAGA Movement? They didn’t even spare the John F. Kennedy or Martin Luther King, Jr. Dossiers. No matter how successful we are securing borders, deporting criminals, fixing the economy, achieving energy dominance, or ensuring Iran does not have nuclear weapons, some will never be satisfied. In six months, we are on track to accomplish more than any administration has in 100 years, and much work remains. We are saving our country and continuing to MAKE AMERICA GREAT AGAIN. This remains a top PRIORITY. The Left is imploding! Kash Patel and the FBI should focus on investigating voter fraud, political corruption, ActBlue, the rigged and stolen elections in 2020, and arresting criminals, rather than wasting time on the old, radical left-wing inspired Epstein documents. LET PAM BONDI DO HER JOB — SHE’S AMAZING! The 2020 Election was rigged and stolen, and they tried to do the same in 2024 — she is investigating this and much more as Attorney General. Our country was DEAD a year ago, and now it is the world’s ‘STRONGEST’ nation. Let’s ensure it stays this way and not waste time and energy on Jeffrey Epstein, whom no one cares about. Thank you for your interest in this matter!”
