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Crypto Market Today: Bitcoin Slips, Altcoins Mixed (6 Aug)

Crypto Market Today: Bitcoin Slips, Altcoins Mixed (6 August 2025)

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.

🟣 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.

🪙 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

📅 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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