Hey Binance Square fam! Here’s your quick rundown of the hottest crypto news for August 5, 2025, to keep you in the loop. The market’s feeling the heat from tariff talks, but there’s plenty of action and opportunity to unpack. Let’s dive into today’s crypto highlights! Market Snapshot.
The crypto market is wobbling as President Trump’s tariff announcements stir risk-off sentiment, but key assets like Bitcoin and Ethereum are holding their ground.
Institutional moves and regulatory shifts continue to shape the landscape.Bitcoin Stabilizes Post-Dip: After sliding 3% to $113,231.41 amid $228M in liquidations, Bitcoin’s now trading near $114.5K, showing resilience above the $110K support level. Analysts see $122K as the next hurdle for a potential rally to $130K.
Ethereum Gains Momentum: ETH is up 0.7% to ~$3,800, buoyed by $9.64B in cumulative spot ETF inflows, including $29.83M recently into BlackRock’s ETF. The network’s 10-year milestone with zero downtime adds to bullish sentiment.
XRP Eyes Breakout: XRP hovers at $3.47, near resistance at $3.80, with whale accumulation and Brazil’s spot ETF approval driving optimism. RSI at 79.55 signals caution, but adoption keeps it in focus.
Meme Coins Shine: Dogecoin’s ETF approval odds hit 80% by year-end, while BONK, HYPE, and PENG are trending as altcoin season whispers grow louder.
Top Crypto Headlines
From regulatory wins to market movers, here’s what’s trending in the crypto world today:Tariff Jitters Shake Markets: Trump’s modified tariffs on multiple countries triggered a 7% dip in the total crypto market cap. Bitcoin and altcoins like Solana (-5%) felt the pressure, but recovery signs are emerging.
U.S. Regulatory Push: The SEC’s “Project Crypto” aims to bring financial markets on-chain, while the STABLE Act and Financial Technology Protection Act signal a pro-crypto shift under Trump’s administration.
