Bitcoin (BTC)
Bitcoin hovered around the $114,000 mark on August 6, showing little change from the previous day. Traders remain cautious after recent ETF outflows and macroeconomic pressures, with BTC holding key support at $113,000. If bullish momentum doesn’t return soon, a retest of lower support levels near $110,000 could be on the cards.
Ethereum (ETH)
Ethereum saw renewed strength as it pushed above $6,400, gaining over 2.5% in the last 24 hours. On-chain metrics revealed a spike in staking activity and whale accumulation, indicating growing confidence in the network. ETH is eyeing the $6,600 resistance level, and a breakout could confirm a bullish reversal.
Solana (SOL)
Solana bounced back above $180 after briefly dipping earlier in the week. With total value locked (TVL) rising and decentralized exchanges on Solana reporting increased volume, sentiment is shifting bullish. A clean break above $190 could open the path toward the $200 psychological level.
XRP (XRP)
XRP rallied 3% to reclaim $0.71, as investor sentiment improved following Ripple’s ongoing expansion into Latin America. Analysts are watching for a sustained close above $0.73, which could signal a medium-term bullish breakout. Despite regulatory uncertainty, XRP continues to attract institutional attention.
Dogecoin (DOGE)
Dogecoin saw a modest 1.2% increase, trading just below $0.16. Social sentiment has improved, driven by renewed interest in meme coins across X (Twitter) and Reddit. However, DOGE needs to reclaim the $0.17 level to maintain bullish momentum.
Cardano (ADA)
Cardano remained range-bound, consolidating around the $0.49 level. While developer activity remains steady and DeFi engagement on Cardano is slowly growing, the price hasn’t reacted strongly. Bulls need to defend the $0.45 level to avoid further downside.
Shiba Inu (SHIB)
Shiba Inu surged 5.8%, outperforming DOGE for the day, driven by rising burn rates and whale inflows. SHIB’s ecosystem upgrades, including Shibarium developments, continue to attract community excitement. A breakout above $0.000025 could trigger the next leg up.
Kaspa (KAS)
Kaspa recovered slightly to $0.168 after recent dips, showing signs of stabilization. Traders are watching the $0.175 resistance closely, as KAS has remained in a consolidation range. If momentum builds, Kaspa could retest the $0.19–$0.20 zone quickly.
Sui (SUI)
Sui is attempting to regain $1.10 support after falling to $1.07 earlier this week. On-chain data suggests a resurgence in dApp user activity and NFT transactions, bolstering bullish sentiment. A move above $1.12 could reignite short-term upside momentum.
Pi Network (PI)
Pi Network remains volatile, hovering near $38 with sporadic exchange activity and limited liquidity. Community members remain hopeful for mainnet listing updates, but lack of transparency continues to suppress price action. A confirmed CEX listing could act as a major catalyst in the coming weeks.
Summary Table (Prices as of August 6, 2025, 4:00 PM UTC):
| Token | Price | 24H Change |
|---|---|---|
| BTC | $114,122 | -0.11% |
| ETH | $6,435 | +2.58% |
| SOL | $181.22 | +1.92% |
| XRP | $0.712 | +3.00% |
| DOGE | $0.159 | +1.21% |
| ADA | $0.487 | -0.44% |
| SHIB | $0.0000245 | +5.78% |
| KAS | $0.1682 | +1.09% |
| SUI | $1.088 | +0.87% |
| PI | $38.10 | -1.43% |
The Road Ahead
Crypto markets remain largely range-bound with isolated bullish action in major altcoins. Ethereum, Solana, and XRP are showing signs of strength while Bitcoin consolidates. Continued attention to macroeconomic developments, regulatory news, and upcoming network upgrades will likely influence direction in the coming days.
Read more: Crypto Market Analysis (August 5, 2025): BTC Holds Near $115K, ETH & XRP Lead Altcoin Bounce
