Crypto Market Today: Bitcoin Slips, Altcoins Mixed (6 August 2025)
Market Overview: The crypto market showed mixed reactions today. Bitcoin hovered below $60,000, while Ethereum held steady. Some altcoins showed strength, but overall momentum was neutral.
🟡 Bitcoin Price Analysis (BTC)
Current Price: $59,520
24H Change: -1.25%
Resistance: $60,500
Support: $58,200
Bitcoin failed to break above the $60K level again, facing strong resistance. RSI has cooled off to 52, suggesting consolidation. SuperTrend has turned bearish on the 4H chart.
24H Change: -1.25%
Resistance: $60,500
Support: $58,200
🟣 Ethereum (ETH) Analysis
Current Price: $3,120
24H Change: +0.40%
Resistance: $3,220
Support: $3,000
Ethereum remains strong compared to BTC, maintaining key support levels. The EMA20 is holding, and bullish crossover signals may appear soon.
24H Change: +0.40%
Resistance: $3,220
Support: $3,000
🪙 Top Altcoin Performance
- Solana (SOL): $142.80 (+2.1%) – Gaining strength near support zones.
- Ripple (XRP): $0.65 (-1.8%) – Weakening under pressure of SEC news.
- Cardano (ADA): $0.48 (-0.3%) – Rangebound with no clear trend.
- Chainlink (LINK): $19.4 (+3.2%) – Bullish continuation pattern forming.
🌍 Global Crypto News Today
- 🇺🇸 U.S. SEC delays decision on Ethereum ETF: New deadline set for October 2025.
- 🇯🇵 Japan’s SBI Holdings: Announces $100M investment in blockchain R&D.
- 🇧🇷 Brazil: Registers over 3M crypto investors, growth fueled by stablecoins.
📉 Market Sentiment & Fear Index
The Crypto Fear & Greed Index stands at **52 (Neutral)**. Traders remain cautious due to regulatory uncertainty and macroeconomic factors.📊 Technical Indicators Summary
Coin | RSI | EMA Trend | SuperTrend |
---|---|---|---|
Bitcoin (BTC) | 52 | Neutral | Bearish |
Ethereum (ETH) | 59 | Bullish | Neutral |
Solana (SOL) | 63 | Bullish | Bullish |
📌 Expert Take – Should You Buy the Dip?
Short-term volatility persists. While long-term investors may consider gradual entries on dips, traders should maintain caution until BTC reclaims $60,500.🔗 Internal Links
- Latest Crypto Price Update
- Bitcoin vs Ethereum Investment Guide
- How to Buy Crypto in India (2025 Guide)
📅 Tomorrow’s Preview – 7 August 2025
Expect sideways movement if no major macro trigger arises. Focus remains on BTC ETF decision, and Ethereum’s L2 upgrades.📢 Final Thoughts
The crypto market on 6 August 2025 displays resilience amid global shifts. Stay updated, follow the trends, and manage your risk accordingly.Author: Himanshu Marskole
Published on: 6 August 2025
Source: CurrencyConverter.top
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