Yo Binance Square crew! Here’s the latest crypto scoop for August 6, 2025, to keep you in the game. The market’s navigating some choppy waters with Trump’s tariff talks sparking volatility, but institutional moves and regulatory tailwinds are keeping the bullish vibe alive. Let’s break down today’s action! Market Highlights
Despite tariff-induced jitters, major cryptocurrencies are showing grit, with Bitcoin stabilizing and altcoins hinting at a potential breakout. Institutional interest and regulatory clarity continue to drive optimism.Bitcoin Holds Steady: After dipping 3% to $113,231.41, Bitcoin’s trading near $114.5K, holding above the critical $110K support. Analysts see $122K as the next resistance, with a potential push to $130K if volume spikes.
Ethereum’s Institutional Boost: ETH is up 0.7% at ~$3,800, fueled by $9.64B in cumulative spot ETF inflows and 18 days of positive flows, including $29.83M into BlackRock’s ETF. Ethereum’s 10-year zero-downtime milestone adds to its strength.
XRP Nears Resistance: XRP trades at $3.47, close to $3.80 resistance, with Brazil’s spot ETF approval and whale accumulation signaling bullish momentum. RSI at 79.55 suggests a possible pullback, so watch the $2.82 support.
Meme Coin Mania: Dogecoin’s ETF approval odds hit 80% by year-end, boosting its legitimacy. Trending meme coins like BONK, HYPE, and PENG are gaining traction as altcoin season buzz grows.
Today’s Top Crypto News
From policy shifts to market movers, here’s what’s making waves in the crypto space:Tariff Turbulence Hits: Trump’s “reciprocal” tariffs on dozens of countries triggered a 7% drop in the crypto market cap to $3.82T. Bitcoin and Solana saw liquidations of $228M and $262M, respectively, but recovery signs are emerging.
U.S. Regulatory Wins: 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.
