#BuiltonSolayer Here’s a quick roundup of today’s biggest crypto news (August 6, 2025).
Bitcoin and Market Trends
Bitcoin is currently trading around $113,000 to $114,000, down about 7% from its recent July peak of $123,000, but still maintaining a 5% monthly gain. The price action is flattening, with resistance near $116,000 and support holding at $112,000. Analysts note that similar calm periods in past cycles have often set up for Q3 rallies if bulls regain control.
Some market analysts suggest that if the S&P 500 index breaks its current resistance, Bitcoin could enter another strong bull phase. This is supported by correlations between equity market surges and Bitcoin rallies.
Sentiment is cautious due to mixed macroeconomic signals and recent outflows from U.S. bitcoin ETFs (over $196 million withdrawn yesterday), but money is rotating into ether and other altcoins.
Altcoins and New Listings
Several altcoins outperformed the bleeding broader market. ONDO and FLOKI were listed today on Robinhood for U.S. users, resulting in price jumps and renewed interest in these tokens. PROVE, a token for Ethereum-based zero-knowledge proofs, surged over 300% after its Upbit listing.
The meme coin FLOKI saw a moderate recovery (+5%), and ONDO reached a $4.49 billion market cap with heavy trading volume.
Crypto Presales and Layer-2 Hype
There’s strong interest in early-stage crypto presales like Bitcoin Hyper ($HYPER), gaining traction for developing a Layer 2 solution for Bitcoin that integrates Solana compatibility, promising fast transactions and low fees.
The presale sector is seen as “primed to soar,” with new projects such as Snorter Token ($SNORT) and SUBBD Token attracting investor funds during market indecision.
Other News and Developments
Major corporations like SharpLink and Metaplanet continue to accumulate large crypto positions, with Metaplanet announcing a plan to acquire 200,000 BTC by 2028. Meanwhile, Brazil and other emerging economies are planning strategic Bitcoin reserves, pushing adoption on a global scale.
