Cryptocurrency Update – August 2025: Bitcoin Slips, Altcoins Under Pressure
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Global Crypto Market Overview
As of August 6, 2025, the cryptocurrency market opened on a weaker note. Bitcoin (BTC) has dropped nearly 7% from its July all-time high of $122,408. Major altcoins like Ethereum (ETH), XRP, Dogecoin (DOGE), and Solana (SOL) are also trading in the red.
Top Cryptocurrency Prices (USD & INR)
| Cryptocurrency | Price (USD) | 24h Change | Price (INR) |
|---|---|---|---|
| Bitcoin (BTC) | $113,543.30 | -0.63% | ₹94.74 lakh |
| Ethereum (ETH) | $3,584.40 | -1.86% | ₹2.99 lakh |
| XRP | $2.92 | -3.97% | ₹24.37 |
| Dogecoin (DOGE) | $0.1966 | -4.78% | ₹16.40 |
| Solana (SOL) | $161.92 | -3.58% | ₹13,500 |
Bitcoin Dominance & Altcoin Season Index
According to BlockBeats, the Altcoin Season Index currently stands at 38 — meaning only 38 out of the top 50 altcoins have outperformed Bitcoin in the last 90 days. This suggests Bitcoin is regaining dominance in the market.
Bitcoin Dominance: Rising steadily, now above 51%
Altcoin Sentiment: Bearish, with most coins underperforming BTC
Key Factors Driving the Market
Regulatory Uncertainty: Ongoing discussions in the U.S. and EU around crypto taxation and stablecoin regulation
Interest Rate Speculation: Global central banks hinting at rate hikes, impacting risk assets
ETF News: Bitcoin ETF approvals in Asia have sparked short-term rallies, but long-term impact remains unclear
What to Watch This Month
Ethereum’s Dencun Upgrade: Expected to improve scalability and reduce gas fees
Solana’s Developer Summit: Could bring new partnerships and ecosystem growth
India’s Crypto Bill: Investors await clarity on taxation and legality
Conclusion
August 2025 is shaping up to be a volatile month for crypto investors. While Bitcoin shows resilience, altcoins are facing pressure. Staying updated with global trends and regulatory shifts is key to navigating this dynamic market.

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