Blog Kazawallet
Bitcoin (BTC) Price
Bitcoin (BTC) traded between $114,100 and $114,200 on August 6, 2025, experiencing a slight decline due to profit-taking by large investors.
Analysts remain divided, with some forecasting a recovery to $120,000 by year-end. This pullback follows a slowdown in profitability indicators, although over 90% of circulating Bitcoin remains profitable according to market analyses.
Read more: Bitcoin mining: Everything you need to know about Bitcoin mining
Mixed Sentiments Surrounding Ethereum (ETH)
Ethereum (ETH) fluctuated between $3,600 and $3,650, accompanied by a 15% increase in trading volume. Analysts note that ETH’s performance heavily depends on overall market trends and upcoming network upgrades.
Binance Coin (BNB) Nears Key Resistance Level
BNB traded around $760.50, with expectations to test the $765–$770 range if it closes above $761.
Solana (SOL) Maintains Upward Momentum
SOL’s price ranged between $160 and $165, with projections suggesting a potential rise to $300.
XRP Gains on Regulatory Optimism
XRP traded near $2.90, boosted by positive regulatory developments and ETF speculation. The Fear & Greed Index stood at 64, indicating growing market greed.
Read more: Bitcoin vs Ripple: Which is Better for Investment?
Cardano (ADA) Stabilizes in a Narrow Range
ADA hovered around $0.71, with technical indicators pointing to a possible bullish breakout
Read more: Cardano vs Tron: Which is Better for Investment?.
Dogecoin (DOGE) Forms Bearish Pattern
DOGE traded near $0.20, exhibiting a descending triangle pattern that could imply continued downside pressure.
Read more: Bitcoin vs Dogecoin: Which is Better for Investment?
Polkadot (DOT) Under Downward Pressure
DOT traded around $3.45, with bearish technical signals present. Nonetheless, the Fear & Greed Index registered 60, reflecting moderate greed.
Breaking News: Regulatory Developments
The UK’s Financial Conduct Authority (FCA) initiated consultations to permit retail investors access to crypto ETN funds, with potential implementation by October 8, 2025.
Hong Kong introduced a final regulatory framework for stablecoins effective August 1, 2025. Binance announced the delisting of trading pairs NKN/BTC and STX/BNB, effective August 8, 2025.
On-Chain Data: Bitcoin Profitability Slows
Glassnode reports a deceleration in Bitcoin’s profitability metrics, accompanied by reduced network activity and liquidity.
