Crypto News Brief: BTC, ETH & SOL Market Action
Bitcoin ($BTC
As of 2025‑08‑06 14:00 (UTC+5), U.S. spot bitcoin ETFs saw roughly $196M in outflows, marking a fourth straight day of institutional pullback amid growing stagflation fears. This led BTC to dip below key support levels around $114K .
Commentary: @CryptoKaleo notes, “Weak ETF sentiment could signal a short‑term bearish phase before demand stabilizes.”
Market Reaction: Bearish pressure; momentum cooling.
Current Price: $114,260 • Change: –1.2%
---
Ethereum’s on-chain economy has surpassed $26B, pushing price above $3,800 as DeFi activity and treasury inflows surge .
Commentary: @Altcoin Sherpa observes, “Institutional treasuries diving into DeFi could ignite DeFi Summer 2.0.”
Market Reaction: Bullish sentiment; strong DeFi fundamentals.
Current Price: $3,805 • Change: +2.8%
SOL price holds near $170 as 150K Seeker mobiles begin global shipping, signaling hardware‑based adoption and ecosystem growth .
Commentary: @BullishBanter comments, “Mobile adoption via Seeker hardware is a narrative not to ignore—supply tightening could support upside.”
Market Reaction: Accumulation mode; sideways to mild upside.
Current Price: $169.0 • Change: +0.7%#SOL_SeekerAdoption
