MARKETS week ahead: August 4 – 10Crypto Total Market Cap, $CRYPTOCAP:TOTALXBTFXLast week in the news US macroeconomic data took center stage during the previous week, with major correction occurring on Friday, after the NFP July data were released. Investors fear of economic consequences of implementing trade tariffs pushed US equity markets to downside. The S&P 500 lost 1,5% on Friday, closing the week at the level of 6.238. On the same grounds the price of gold strongly gained 2,2% on Friday, reaching the last price at $3.362. Strong reaction also came from US Treasury yields, where the 10Y US benchmark dropped to the level of 4,22%. This time the crypto market was also affected, where BTCs price dropped sharply, closing the week around the $113K level. The FOMC meeting was held during the previous week, without changes in the level of interest rates. As per Fed's view, the economy is growing at a solid pace, while they acknowledged increasing risks originating from implemented trade tariffs on inflation and potential slowdown in the future economic growth. There were no comments regarding potential rate cuts in September, except that the Fed will continue further to balance interest rates based on “the incoming data, the evolving outlook and the balance of risks”, as noted by Fed Chair Powell. A macro data heavy week in the US included data on JOLTs in June of 7,437M, modestly below market forecast of 7,55M. The PCE Price Index in June was relatively steady with 0,3% for the month and 2,6% for the year, which was in line with market expectation. However, what shocked the market on Friday were posted non-farm payrolls data for July of only 73K, although the market estimate was standing at 110K. During Saturday, news was published that the US president Trump requested immediate release of a duty of a Commissioner of labor statistics, due to posts of inaccurate labor data and its frequent revisions. The US President also questioned the accuracy of the July NFP figure of 73K. During the previous weekend the U.S. finalized the trade-tariffs deal with the European Union. Details of the deal are officially published at the website of the European Commission, and include, among other, tariffs of 15% on imports from the EU, establishment of tariff-rate quotas for imports of steel, aluminium and copper from the EU, cutting the current 50% current tariffs. EU companies will also invest at least $600B in different sectors in the US by 2029. Interesting news for crypto enthusiasts was posted by Cointelegraph, noting that on July 4, 2025, eight dormant Bitcoin wallets from the Satoshi era collectively moved 80.000 BTC, with each wallet transferring 10.000 BTC. The Satoshi era, generally defined as the period from 2009 to 2011, was when Bitcoin could still be mined or transacted using standard computer processors. The sudden activation of these long-inactive wallets has sparked intense speculation, with some suggesting that emerging quantum computing threats may have prompted the transfers. Still, analysts with a knowledge of blockchain technology commented that coins were not transferred directly to cryptocurrency exchanges but instead moved to newly created SegWit addresses — a move that likely indicates a security upgrade. CRYPTO MARKET As the crypto market became part of mainstream markets, it needed to manage both ups and downs of the investors' sentiment, which was usually related to traditional markets. This occurred during the Friday trading session, when investors' fear of future consequences of implemented trade tariffs turned to the negative side. Total crypto market capitalization decreased by 6% on a weekly basis, losing a total $216B. Daily trading volumes were relatively flat on a weekly basis, moving around $304B on a daily basis. Total crypto market capitalization increase from the beginning of this year currently stands at +12%, with a total funds inflow of $384B. This week BTC was leading the market cap drop, with an decrease in value of 4% w/w and outflow of almost $96B in funds. ETH also had a drop in value of 7,2%, with total funds outflow of $32B. The third coin by total market cap, XRP, was traded around 10% lower, closing the week with total fund outflow of $18,6B. Another coin with a significant drop in the market cap was Solana, of almost 13% w/w, and funds outflow of $13B. Both DOGE and ADA were on a losing side, where DOGE was traded 17,1% lower, losing $6,13B in the market cap, while ADA dropped by 14,6% with an outflow of $4,3B. The majority of other altcoins finished the week with a loss in value between 14% and 18%. This week there has not been too much activity when circulating coins are in question. Algorand had an increase of coins on the market by 0,2% w/w, while Stellar's number of coins surged by 0,3%. This week Filecoin had a modest increase of 0,1% on a weekly basis, same as ZCash and DOGE. Crypto futures market The general drop in the value of crypto coins on the spot market was also reflected to some extent also in the futures market. BTC futures were traded lower by more than 3% for all maturities, while ETH futures had a weekly drop in value of more than 4%. However, it is important that the general levels of the value of futures remain at higher grounds. BTC futures maturing in December this year closed the week at $116.390, and those maturing in December next year were last traded at $123.490. A similar situation is with ETH futures, which managed to hold grounds above the $3K. Futures maturing in December 2025 closed the week at $3.631, and those maturing a year later were last traded at $3.894.