cryptocurrency update for **August 6, 2025**, with key highlights and trends:
The global crypto market cap is $3.71 trillion,
1. Bitcoin ($BTC ) Price Movement
Current Price**: $114,448 (testing short-term support at $113,751) .
- **Trend**: Consolidating within an ascending channel but showing bearish signals (RSI at 41.82, MACD declining) .
- **Key Levels**: Resistance at $116,800; a breakout could trigger bullish momentum .
![Bitcoin Price Chart
- **Price**: $3,676, with long-term predictions reaching $10,000 by 2030 due to institutional adoption .
- **Quantum Computing Threat**: Developers warn of future risks to ETH’s encryption, urging upgrades .
3. #altcoins Altcoin Performance
-Sui ($SUI )**: Down 5% due to profit-taking and #bitcoin dominance (61.4%) .
- **Meme Coins**: SPX6900 dropped 8.7%, reflecting market uncertainty .
4.Solana (#sol )*: Current price is not available, but SOL jumped 2% after Solana Mobile shipped 150K Seeker phones to 50+ countries.
5. Regulatory & Institutional News**
SEC Clarification**: Liquid staking tokens (e.g., Lido) are **not** classified as securities under certain conditions .
UK Police**: Seized #bitcoin worth $665K from crimes, reinvested into anti-budget programs .
Market Sentiment**: Mixed, with #Bitcoin❗
dominance rising but altcoins under pressure. Watch for ETF inflows and macro regulations as potential catalysts .