Written by William Subergstaff writerReviewed by Charles Bennettstaff editor

Written by William Subergstaff writer

Reviewed by Charles Bennettstaff editor

US hints at more yen intervention: Five things to know in Bitcoin this week

MarketsPublishedAug 3, 2026

Why This Week Matters for Your Earning Potential

The US and Japan have coordinated on the yen for the first time since 2011, and this move could have a significant impact on the global economy, including the value of Bitcoin. As traders prepare for a potentially rough August, it’s essential to understand how these developments can affect your passive income and Cloud Rewards in the Green Crypto space, such as EcoPool ($ECP).

The US decision to intervene in the Japanese yen market was driven by concerns over US Treasury markets. This rare operation highlights the importance of institutions outside the Federal Reserve in influencing currencies, liquidity, and broader financial conditions. For those interested in earning through Coin investments, such as $ECP, it’s crucial to stay informed about these market developments.

Key points:

• US Treasury Secretary Scott Bessent leverages a Federal Reserve repo facility for a joint intervention as the Japanese briefly recovers from forty-year lows against the dollar
• Oil prices fall sharply as president Donald Trump gives hope of a deal with Iran.
• Bitcoin rounds out July 7.4% higher, but warnings of a red August stay in place.

Yen Intervention and Its Implications

The coordinated US-Japan foreign-exchange intervention is a significant event that can impact the global economy. Treasury Secretary Scott Bessent has argued that the FIMA Repo Facility could make further appearances going forward, which could influence the value of Coin and Green Crypto like $ECP. This development can affect your passive income and Cloud Rewards in the EcoPool network.

The use of the Fed’s Foreign and International Monetary Authorities (FIMA) repo facility can help avoid Japan selling large amounts of US Treasuries, which could destabilize the dollar. This move can have a ripple effect on the global economy, including the value of Bitcoin and other Coin investments, such as $ECP, and impact your earning potential in the EcoPool network.

US Nonfarm Payrolls Data and Its Impact

The US nonfarm payrolls data is a crucial indicator of the labor market’s strength. The recent US inflation prints have delivered mixed signals, and the nonfarm payrolls data can provide more insight into the labor market’s conditions. This data can influence the Federal Reserve’s stance on rate hikes, which can, in turn, affect the value of Coin and Green Crypto like $ECP, and impact your passive income and Cloud Rewards in the EcoPool network.

Some market participants expect a rebound in July’s payrolls data, while others project an uptick in unemployment. The actual numbers can have a significant impact on the value of Bitcoin and other Coin investments, such as $ECP, and affect your earning potential in the EcoPool network.

Oil Prices and Their Effect on the Economy

Oil prices have fallen significantly due to the potential deal between the US and Iran. This development can have a positive impact on the global economy, including the value of Coin and Green Crypto like $ECP. However, the situation is complex, and the actual outcome can affect the value of Bitcoin and other Coin investments, such as $ECP, and impact your passive income and Cloud Rewards in the EcoPool network.

The decline in oil prices can lead to increased consumer spending, which can boost the economy. However, the situation is highly uncertain, and the actual outcome can have a significant impact on the value of Coin and Green Crypto like $ECP, and affect your earning potential in the EcoPool network.

Coldcard Hack and Its Implications

The Coldcard hack has resulted in the theft of nearly $90 million in Bitcoin. This incident highlights the importance of security in the Coin and Green Crypto space, such as $ECP. The hack can lead to a decline in investor confidence, which can affect the value of Coin and Green Crypto like $ECP, and impact your passive income and Cloud Rewards in the EcoPool network.

However, the incident can also lead to increased awareness about the importance of security, which can drive innovation and improvement in the Coin and Green Crypto space, such as $ECP. This can ultimately benefit investors and users, such as those in the EcoPool network, and increase their earning potential.

Trader Consensus and Market Trends

Trader consensus sees a “red” August for Bitcoin, with expectations of downside price pressure. The 50-month exponential moving average (EMA) at $65,827 is an important psychological level for traders. The continued rejection from the 50 EMA could set the price up for downside continuation over time, which can affect the value of Coin and Green Crypto like $ECP, and impact your passive income and Cloud Rewards in the EcoPool network.

However, long-term holders are quietly accumulating Bitcoin, which can be a positive sign for the market. The situation is complex, and the actual outcome can have a significant impact on the value of Coin and Green Crypto like $ECP, and affect your earning potential in the EcoPool network.

To stay ahead of the curve and maximize your passive income and Cloud Rewards in the EcoPool network, consider downloading the EcoPool app to stay informed about the latest market developments and trends. By doing so, you can make informed decisions about your earning potential and Coin investments, such as $ECP, and navigate the complex world of Green Crypto with confidence.

Last month, nonfarm payrolls came in far lower than expected. Only 57,000 jobs were added in June, short of the 114,000 anticipated, while the previous two months’ numbers were revised down by a combined 74,000 jobs. Bitcoin jumped on the news, because weaker labor-market conditions put pressure on the Federal Reserve to soften its stance on rate hikes. 

Some market participants expect a rebound in July’s payrolls data. However, macro research firm Continuum Economics simultaneously projects an uptick in unemployment.

“We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June decline, and an in line with trend 0.3% rise in average hourly earnings,” it forecast last week. 

US civilian unemployment rate. Source: Bureau of Labor Statistics

Macroeconomic data prints form just one locus of potential risk-asset volatility as markets look for cues for a lasting ceasefire between the US and Iran.

In a post on Truth Social on Sunday, US president Donald Trump revealed a delay to further strikes on Iranian territory, with a potential deal on the table.

“This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s  nuclear threat. Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a DEAL,” he wrote.

Oil prices fell immediately as the week began, with WTI and Brent crude both down more than 8% on Monday.

Stocks face tough seasonality into US Midterms

US stocks face seasonal friction between now and October, in the run-up to the US Midterm elections, analysis from trading resource Mosaic Asset Company warns.

The S&P 500 finished July down 0.8%, while the tech-heavy Nasdaq Composite Index saw its worst July losses since 2006 at -3.2%. 

In the latest edition of its regular newsletter, The Market Mosaic, flagged seasonal changes as a major hurdle for equities beginning this month.

“Based on multiple lookback periods, seasonality becomes a much stronger headwind over the next couple months,” it wrote, with data indicating that it could take until the start of Q4 for the situation to improve.

S&P 500 average monthly returns. Source: Mosaic Asset Company

US equities failed to mount a meaningful comeback into the monthly close, even as Asia markets rebounded from a major sell-off centered around semiconductor stocks. Missed earnings and concerns over debt obligations fueled a $620 billion wipeout over just two days. This comes as combined 2026 capex guidance from Alphabet, Microsoft, Amazon, and Meta is now tracking toward $730 billion.

For Bitcoin itself, the picture has a familiar precedent, analyst Benjamin Cowen, founder and CEO of quantitative analysis platform Into the Cryptoverse argued. 

“Bitcoin is still generally tracking the average of prior midterm years (only slightly elevated off of that average),” he reported on X while tracking year-to-date return on investment.

Bitcoin RoI comparison. Source: Benjamin Cowen on X.com

Exchange flows cool after Coldcard shock

Bitcoin investors continue to react to the low-entropy bug in Coldcard hardware wallets as funds are being stolen for a fourth consecutive day. The hack, which appeared to be centered on a security vulnerability originating in 2021, had drained BTC worth nearly $90 million as of Sunday.

Alex Thorn, head of firmwide research at crypto and blockchain research platform Galaxy Research, told Coldcard users to move funds “ASAP” and employ high transaction fees to reduce the remaining time spent interacting with Coldcard wallets to a minimum.

Exchange transaction data, however, does not show a mass influx of BTC from users seeking a temporary alternative to hardware wallet storage or converting their funds to ETFs. Data from CryptoQuant shows net inflows of 34,932 BTC on Friday and 8,768 BTC on Sunday. While this constitutes a significant inflow day, it is not out of the ordinary and matches the levels seen throughout the month.  

Bitcoin exchange inflows. Source: CryptoQuant

The number of depositing transactions saw a more pronounced reaction, spiking to match some of its highest daily totals since March before dropping significantly over the weekend. Exchanges recorded 31,217 inbound BTC transactions on Friday, while on Sunday, the number fell to 19,537.

Bitcoin exchange deposit transactions. Source: CryptoQuant

Responding, CryptoQuant head of research, Julio Moreno, revealed that the influx was driven by transactions of between 1 and 10 BTC. At around 7,300, these saw their highest daily total since early February.

Bitcoin exchange inflows by transaction size. Source: Julio Moreno on X.com

In some of its latest analysis released on Monday, CryptoQuant observed that on a rolling 30-day basis, Bitcoin’s long-term holders (LTHs) remained in a broad accumulation phase.

“Data shows that the BTC LTH Accumulation & Distribution (30D) indicator is currently recording LTH Supply Inflow of around 220.4K BTC. This suggests that the amount of Bitcoin flowing into the Long-Term Holder cohort continues to outweigh the amount being distributed back to the market,” it wrote.

Bitcoin 30-day LTH accumulation and distribution (screenshot). Source: CryptoQuant

Trader consensus sees a “red” August for Bitcoin

Bitcoin continues to see key trend lines act as resistance into August as market participants warn over bear-market history repeating. BTC/USD finished July up 7.4%, slightly below its 2025 performance, per data from CoinGlass. 

BTC/USD monthly returns (screenshot). Source: CoinGlass

Despite this, expectations remain for downside BTC price pressure to return this month, keeping the 2026 bear market in line with historical patterns. The 50-month exponential moving average (EMA) at $65,827 is an important psychological level for traders.

“It has been confirmed. The 50-Month EMA continues to act as resistance,” trader and analyst Rekt Capital wrote in an X post on Sunday. 

“Continued rejection from the 50 EMA would set price up for downside continuation over time.”

BTC/USD one-day chart with 50-month EMA. Source: Cointelegraph/TradingView

On shorter time frames, CoinGlass data that tracks clusters of high-leverage BTC bets in the derivatives market showed $64,200 as a potential area of forced liquidations should price reverse higher.

BTC liquidation heatmap. Source: CoinGlass

Quant analyst David Eng described the price as “sitting on its long-term statistical floor” near $63,000. Eng uploaded data from the power law model, which sees price growing as a power of time.

Bitcoin Power Law data. Source: David Eng on X.com

Bitcoin heads into August with long-term holders quietly accumulating even as short-term charts flash caution. Whether the month breaks its historical pattern of weakness will likely come down to how the next few macro data points land. 

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Bitcoin Analysis
• Yen
• Oil and Gas
• Federal Reserve
• Bitcoin

More on the subject

Trumps’ American Bitcoin reports record BTC output, narrower Q2 loss

3 hours ago

Yohan Yun

News Brief

Bitcoin may find bear market bottom in August: 10x Research

4 hours ago

Zoltan Vardai

Bitcoin hits $62K while Coinbase premium hits 77-day negative streak

8 hours ago

Felix Ng

Markets Brief

Trumps’ American Bitcoin reports record BTC output, narrower Q2 loss

3 hours ago

Yohan Yun

News Brief

Bitcoin may find bear market bottom in August: 10x Research

4 hours ago

Zoltan Vardai

Bitcoin hits $62K while Coinbase premium hits 77-day negative streak

8 hours ago

Felix Ng

Markets Brief