Crypto Prices Today

Here is how the world’s top tokens performed today:

Bitcoin Price Shows Stability Amid Market Turbulence

Bitcoin Holds Firm Above $113,000 Despite Market Jitters

Bitcoin is currently trading at $113,877.50, reflecting a modest 0.47% decline over the past 24 hours. Despite broader uncertainty in the market, the leading cryptocurrency has managed to maintain its market capitalization above $2.26 trillion, with a robust trading volume of $58.1 billion.

According to Riya Sehgal, Research Analyst at Delta Exchange, “Bitcoin is trading below all key EMAs on the 1-hour chart, signaling short-term bearish momentum. After rebounding from $112,000, BTC now faces resistance in the $114,500–$115,500 range. Liquidity heatmaps suggest the possibility of a move toward $115,500–$116,000, followed by a potential pullback.”

Sehgal also noted that Bitcoin ETFs recorded $196.2 million in outflows on August 6, indicating a degree of institutional caution or profit-taking. In contrast, Ethereum remains above short-term EMAs but continues to trade below the critical 200 EMA at $3,620. A breakout above this level could set a course toward $3,750, supported by liquidity clusters between $3,650 and $3,750. Ethereum ETFs saw $73.3 million in inflows, highlighting renewed investor interest and expectations of increased volatility.

Bitcoin’s resilience above the $113,000 level underscores continued confidence from institutional investors, even as recent Federal Reserve comments have heightened volatility in traditional markets.

Ethereum Faces Institutional Pressure Amid Volatility

Ethereum’s price is currently at $3,610.58, posting a 1.20% loss over the last 24 hours. The asset showed notable price swings over the weekend, dipping to $3,380 before rebounding to current levels. However, it continues to face heavy institutional selling.

On August 4, spot Ethereum ETFs saw record single-day outflows of $465 million. Leading the wave of redemptions was BlackRock’s iShares Ethereum Trust (ETHA), which alone accounted for $375 million in net outflows. Despite the sell-off, the fund retains $9.3 billion in cumulative net inflows and $10.7 billion in assets under management.

Altcoins See Mixed Results

The altcoin market presented a varied picture:

• XRP dropped 3.37% to trade at $2.93, maintaining its spot as the third-largest crypto with a market cap of $174.17 billion.

• Solana (SOL) declined 2.72% to $163.19.

• Dogecoin (DOGE) fell 3.96% to $0.1982.

• Cardano (ADA) slipped 3.84% to $0.7195, reflecting both pressure and continued confidence in proof-of-stake platforms.

Meanwhile, stablecoins like USDT and USDC effectively held their pegs, trading at $0.9998, offering stability amid the market’s volatility.

Regulatory Moves Shape Market Sentiment

The U.S. Securities and Exchange Commission (SEC) recently issued updated guidance, clarifying that certain liquid staking activities do not fall under federal securities laws.

“This clarification is an important step in identifying crypto asset activities that fall outside the SEC’s jurisdiction,” said SEC Chair Paul Atkins.

However, broader regulatory issues remain. Former President Donald Trump is reportedly preparing an executive order directing regulators to investigate allegations of ‘debanking’—the practice of financial institutions dropping crypto firms or politically aligned organizations. The investigation would determine whether such actions violated antitrust or consumer protection laws.

Market Outlook: Balancing Caution and Growth

Despite recent outflows from ETFs, the total cryptocurrency market capitalization remains robust at around $3.69 trillion. This strength follows a strong July, during which Ethereum ETFs saw record inflows of $5.43 billion.

The current environment reflects a complex mix of factors—minor corrections in Bitcoin and altcoins, emerging regulatory clarity, institutional inflows and outflows, and increased volatility. The market is navigating a phase where long-term adoption efforts are balanced against short-term profit-taking and policy uncertainty.