Aug 4, 2025
Rootstone's Market Round Up
╰ President Trump's announcement of "reciprocal" tariffs on dozens of countries led to a broad market sell-off.
╰ Upcoming unlocks for tokens like Ethena (ENA), Immutable (IMX), and others are projected to flood the market with $120 million in new supply.
╰ Coinbase reported Q2 revenues below Wall Street expectations, leading to a 12% drop in its stock during premarket trading.
╰ Disappointing U.S. economic indicators, including slower job growth and manufacturing contraction, combined with the Fed's steady rates, prompted a risk-averse shift, causing Bitcoin to tank below $112,000.
