Key Economic News
- Global growth forecasts tweaked
S&P Global raised its 2025 real GDP growth projections for major economies—including the US, Canada, Eurozone, the UK, and China—after surprisingly strong Q2 data. However, growth forecasts for India and Brazil were downgraded due to heightened US tariffs and instability from tariff frontloading. Globally, growth appeared soft in the second half, but signs pointed to recovery in 2026, aided by looser monetary policy and fiscal stimulus. - PMI and business activity improve
Leading indicators showed improvement: July’s global composite PMI rose for the third straight month. In Europe, the HCOB composite PMI climbed to 51.0, a fresh 11-month high, while the US S&P Global composite PMI hit an 11 month peak of 54.6. - Tariffs dampen growth but don’t derail it
Experts at the ET World Leaders Forum warned that the US's protectionist tariff policies are fueling economic uncertainty and could hamper growth by disrupting supply chains . Still, eurozone businesses displayed resilience: PMI rose to 51.1 in August, the strongest in 15 months; employment pressures and export declines persisted. - Markets await Fed signals amid mixed data
Ahead of Fed Chair Powell’s Jackson Hole speech, markets reacted to stronger-than-expected US manufacturing PMI and rising yields—eclipsing expectations for early rate cuts. - Jackson Hole: Powell opens door to rate cuts
On August 22, Powell indicated that inflation and immigration-related constraints are creating "new challenges" and hinted at possible rate cuts as early as September—without committing to specifics. Markets responded by rallying, with equity gains and declines in bond yields and the dollar. - Tech selloff and geopolitical tension weigh on markets
On August 20, a global selloff in tech stocks—especially in Asia—was triggered by concerns over government intervention in the tech sector and uncertainty surrounding US chip policy, including moves regarding chipmaker Intel.
Key Crypto Developments
- Bitcoin slides nearly 8%, Ethereum finds momentum
Bitcoin dropped approximately 8% over the week, settling near $113,600. In contrast, Ethereum gained nearly 3% in a single day, reaching roughly $4,289. Analysts remain cautiously optimistic about a rebound, with some tokens rising over 4% in a day. - Ethereum hits a fresh all-time high
On August 24, Ethereum soared past its 2021 peak, reaching $4,945.60 and pushing its market cap toward $600 billion. This surge was driven by growing institutional interest, crypto-focused treasury strategies, ETFs, and the platform’s smart-contract strengths. - Crypto market remains elevated despite volatility
Around August 17–18, the global crypto market cap held near $4.02 trillion, with Bitcoin hovering between $117,000–$118,000 and Ethereum trading in the mid-$4,500s. Notable altcoins like LINK and BNB posted double-digit and mid-single-digit gains. On August 18, market cap briefly dipped under $4 trillion as 96 of the top 100 coins traded lower. - Crypto consolidation at highs
By mid-August, markets were consolidating around historic levels. Bitcoin had briefly hit $124,000, followed by a correction to $117,000 after a US Treasury announcement—but quickly rebounded above $119,000.
Outlook: What to Watch in the Week Ahead
Economic & Financial Themes:
- Will the Fed deliver?
All eyes are on further signals from the Fed as markets anticipate the first interest rate cut of 2025. Watch for speeches from Fed officials and upcoming economic data (e.g., inflation, PMI revisions) to gauge momentum. - Tariff ripple effects
With continued trade tensions, attention turns to whether companies will further reorganize supply chains, and how that will influence global investment and inflation. - Geopolitical flashpoints
Russia–Ukraine tensions, US–India trade disputes, and tech-sector regulations could sway markets—and in turn—policy trajectories.
Crypto & Blockchain Trends:
- Bitcoin’s path to recovery
After a significant dip, will Bitcoin stabilize or continue downward pressure? Ethereum’s strength may offer some balance, but macroeconomic sentiment could sway crypto broadly. - Institutional flow dynamics
As Ethereum continues outperforming, institutional adoption through ETFs and treasury diversification may accelerate. - Regulatory signals inbound
While the major US crypto bills were passed earlier in July, anticipation remains around related rule-making or international regulatory alignment that could shape future market behavior.
SorooshX Updates
We are excited to announce the listing of trending trading pairs on our platform (Spot and Futures) during the last week:
- Spot: DecentralGPT (DGC), AriaAI (ARIA), Sapien (SAPIEN), YZY MONEY (YZY), .
- Futures: SAPIENUSDT, TSLAUSDT, NVDAUSDT, CRCLUSDT, YZYUSDT, WLFIUSDT.
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