📊 [July 31 Morning Market Update] Trump Tariffs Kick In — ADA Holding Flat, Waiting for a Catalyst?
- Chris Ciari
- Aug 1
- 2 min read
📊 [July 31 Morning Market Update] Trump Tariffs Kick In — ADA Holding Flat, Waiting for a Catalyst?
Good morning from ASY Ashiya Pool! 🌊The crypto market woke up a bit cautious today, as we see a slight downturn across the board — but nothing too dramatic.
Let’s break it down.
💰 ADA Market Snapshot (as of July 31 AM)
1 ADA = $0.7398
Market Cap: $26.99B
BTC Dominance: 61.64% (on the rise again)
While ADA dipped slightly this morning, it hasn’t collapsed — it’s holding steady within a narrow range. However, the overall sentiment is “wait and see.”
🔎 Market Sentiment: Bitcoin Moves First, Then Alts Follow?
With Bitcoin dominance rising above 61.6%, this is starting to look like one of those cycles where:
Bitcoin moves first — and only then do altcoins (like ADA) get their moment.
We expect ADA to remain range-bound as long as it doesn’t fall below $0.7222.Below that? We could be in for another leg down — but for now, things are stable.
🌕 Will Midnight Airdrop News Break the Silence?
The Midnight privacy sidechain is one of the most anticipated developments in Cardano's roadmap — and it comes with a native token, $DUST.
Rumors suggest that the RARE EVO conference in August (Denver, USA) will include an official airdrop date announcement.If confirmed, this could act as a major bullish catalyst for ADA.
🔮 What to Watch for This Week
✅ Can ADA stay above the $0.7222 support level?
✅ Will BTC pump first before money rotates into alts?
✅ Does Bitcoin dominance break back below 60%?
✅ Any breaking news from Midnight / RARE EVO could turn the tide
🧡 At ASY Ashiya Pool, We Keep Building — No Matter the Market
Whether ADA is going up or down, our mission doesn’t change:We use staking rewards to support children with disabilities, educational initiatives, and local creative programs.
Your delegation empowers real impact. 💛
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Let’s see how the day plays out — and as always…Go ADA! 🚀
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