Amid growing fears of a recession, the price of Bitcoin (BTC) slid below $60,000, followed by Ripple (XRP) as bearish pressure mounted on the payment company’s token.
Meanwhile, Ethereum DEXs tokens RCO Finance (RCOF) and Aave (AAVE) are gaining upside momentum, fuelled by increasing adoption and recent updates.
Let’s find out the factors that led to these coins going in the direction they went.
Bitcoin Dips Below $60,000 As Recession Tension Rises
Bitcoin’s decline on August 3 has been attributed to growing concerns that the United States might be tipping into a recession. TradingView’s data showed that the flagship cryptocurrency traded under $60,000 after publicly published economic reports.
On August 2, the US job report came out weaker than anticipated, accompanied by undisclosed transactions authorized by crypto lending platform Genesis.
Labour Department reportedly added 114,000 jobs to the US economy in July 2025, falling significantly behind the projected 175,000. The unemployment rate also shot up by 4.3%, reaching its highest since October 2021. These reports raised concerns about the US economy, with BTC traders dumping their reserves.
Ripple Coin Tanks As Bearish Pressure Grows
XRP broke through a critical support zone at $0.57 amid mounting bear pressure. This price action reflected a shift in sentiment, raising concerns that the price might continue lower. A further decline in XRP’s price could cause the coin to drop to the next support level at $0.52.
XRP fell below its 100-day Simple Moving Average on the 4-hour chart. Specifically, the Moving Average Convergence Divergence (MACD) line and the Signal line crossed to the oversold region of the zero line, validating the possibility of a continued drop in the coin’s price. XRP trades at $0.52, down 6.23% in the last day.
RCO Finance Gains Upside Momentum Due To Its Innovative AI Tool
While Bitcoin (BTC) and Ripple (XRP) struggle with the bears, the bulls flock towards a new Ethereum token, RCO Finance (RCOF), aiming to leverage its AI capabilities. RCO Finance is a DeFi trading platform incorporating an AI-powered robo advisor to enhance users’ trading experience.
This machine learning application provides strategic investments to users like financial managers, enabling them to make well-informed trading decisions.
It provides insight into the best asset to invest in, the 120,000 available on RCO Finance. The platform charges lower trading fees than other DeFi trading outlets, rewards users for staking despite offering a high APY, issues a debit card to foster local bank transactions, and grants up to 50X leverage on trading.
Up to 12,500 financial instruments, including stocks, shares, derivatives, and exchange-traded funds, are tradable on RCO Finance, and all can be traded with cryptocurrencies instead of fiat currencies.
RCO Finance is committed to security, accessibility, and privacy and incorporates robust measures to achieve these goals. For instance, it undergoes constant audits by the renowned security firm SolidProof. Its user-friendly interface ensures that beginners and experts can navigate it easily and does not require KYC.
RCOF token holders are awarded rewards based on tiers, access to airdrops, governance privileges, and priority customer support, among other things. The company also rewards users for holding its native token, RCOF, by paying quarterly dividends, offering priority customer support, issuing voting rights, and granting access to airdrops.
Aave Rallies 19% Despite Market Downturn
Aave has registered up to 19% increase during the week despite the rest of the market experiencing a downturn. Notably, AAVE soared 19% to $117 on August 1, its highest price point since June. CoinGlass, an on-chain analytic firm, shared insight regarding what could have incited AAVE’s positive performance.
CoinGlass related Aave’s performance to increased activities in the derivatives market. Specifically, open short positions amount to $1.165 million, while long positions are $567,000, creating a liquidation imbalance. However, with Open Interest rising from $80 million to $124 million, Aave could soon replicate its November 2023 growth and hit $200.
RCOF’s Presale In Stage 2
RCOF has entered Stage 2 of its public presale, trading at $0.0343 per token. After surging 169% from Stage 1, the token is poised to hit 337% at the climax of this stage. Savvy investors are set to increase their gains, expected to reach 3,000% by the end of RCOF’s presale.
With the token speculated to list between $0.4 and $0.6, investors can cop over 1,800% gains before RCOF’s exchange launch. Experts consider RCOF’s presale the most lucrative investment vehicle in the current market. It is an opportunity to recoup losses from BTC and XRP in the next few days.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
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