$BTC
Cryptocurrency News Today August 6, 2025 – The market sinks as inflationary recession fears rise, and the price of Bitcoin drops to $113,000, with XRP down 4%
Cryptocurrency markets broadly declined today following the release of the U.S. Services Purchasing Managers' Index (ISM) data, which came in weaker than expected, heightening concerns about an inflationary recession.
The price of Bitcoin fell by 0.76% to $113,000, while Ethereum decreased by 2.43% to trade below $3,600 during early Asian trading hours. XRP dropped by 4% over the past 24 hours to register at $2.92.
The more speculative sectors experienced greater losses, with SocialFi projects plummeting by 6.04%, NFT tokens declining by 5.56%, while meme coins fell by 5.17%. Among the biggest losers were Toncoin, Pudgy Penguins, and Bonk.
Despite this overall decline, some assets showed remarkable resilience, with Mantle rising by 8.55%, and Pump.fun recording gains of 5.90%, reflecting selective strength in certain sectors.