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BTC $43,552.88 -0.46%
ETH $2,637.32 +1.23%
BNB $312.45 +0.87%
SOL $92.40 +1.16%
XRP $0.5234 -0.32%
ADA $0.8004 +3.54%
AVAX $32.11 +1.93%
DOT $19.37 -1.45%
MATIC $0.8923 +2.67%
LINK $14.56 +0.94%
HAIA $0.1250 +2.15%
[LIVE] Latest Crypto News, August 6 – Bitcoin Price Tanks Again To 13K And XRP Falls Below : Best Altcoins To Buy?
cryptocurrency

[LIVE] Latest Crypto News, August 6 – Bitcoin Price Tanks Again To 13K And XRP Falls Below : Best Altcoins To Buy?

Bitcoin dips to 13K amid Trump’s tariff talk; XRP falls below . Discover the best altcoins to buy in this market dip.

August 6, 2025
5 min read
Fatima

Bitcoin dips to 13K amid Trump’s tariff talk; XRP falls below . Discover the best altcoins to buy in this market dip.

The crypto market is experiencing a downturn, with Bitcoin seeing a dip to $112,750 during a recent speech by Donald Trump, before recovering to $113,000. Altcoins like Ethereum and XRP also saw declines, dropping to $3,700 and below $3 respectively. Despite this volatility, these lower price points might present opportune moments for traders to acquire promising altcoins. The market downturn appears linked to broader economic concerns. U.S. stocks fell as weak services data and new tariff remarks from Donald Trump raised fears of stagflation. The S&P 500, Nasdaq, and Dow all saw declines. Trump's announcement of new tariffs on chips and pharmaceuticals, with a plan to increase them significantly, adds to the economic uncertainty. In corporate news, Palantir experienced a boost from record revenue, while Eaton saw a drop following disappointing guidance. Analysts note that despite some market overvaluation, falling rates and strong earnings continue to support a "risk-on" environment. The crypto market's total market cap fell to $3.7 trillion, with negative ETF inflows of $122 million on August 5. Nevertheless, Bitcoin remains close to its all-time high, Ethereum is showing signs of recovery, and new listings are driving some altcoins upwards.

Best Altcoins To Buy? PROVE Jumps +300% After Upbit Listing As Robinhood Adds ONDO and FLOKI

On August 6, Robinhood Crypto announced the listing of ONDO and FLOKI for its U.S. users, reigniting interest in these tokens and prompting traders to seek out the next potential breakout opportunities.
  • ONDO is currently trading with a market capitalization of $4.49 billion and a 24-hour trading volume of $170 million, marking a 23% increase.
  • FLOKI, a well-established meme coin from the previous market cycle, holds a $1 billion market cap and saw a +5% gain today.
    • The tweet from @zoomerfied on August 5th confirmed: "ROBINHOOD US LISTS ONDO AND FLOKI: SYNOPTIC". In a separate notable event, PROVE, the native token of the Succinct protocol, surged by over +300% following its listing on Upbit. The price rapidly increased from $0.30 to a high of $1.95, and is currently stabilizing around $1.24. Succinct is developing a protocol on Ethereum designed to coordinate a distributed network of provers that generate zero-knowledge proofs (ZKPs) for various software applications. It operates as a marketplace connecting requesters with provers for use cases such as AI agents, oracles, and cross-chain bridges, using an off-chain auction system for matching and on-chain settlements.
    Source: Originally published at 99Bitcoins on August 6, 2025.

    Frequently Asked Questions (FAQ)

    Q: What is causing the current downturn in the crypto market? A: The crypto market downturn appears to be influenced by broader macroeconomic concerns, including weak U.S. services data and new tariff remarks from Donald Trump, which have raised fears of stagflation. Q: Which altcoins have recently seen significant movement? A: ONDO and FLOKI have been listed on Robinhood Crypto for U.S. users, increasing interest. PROVE, the native token of the Succinct protocol, experienced a surge of over 300% after its listing on Upbit. Q: What is the Succinct protocol? A: Succinct is building a protocol on Ethereum to coordinate a network of provers that generate zero-knowledge proofs (ZKPs) for software. It functions as a marketplace connecting requesters with provers for applications like AI agents and oracles. Q: How is Bitcoin performing in the current market? A: Despite the overall downturn, Bitcoin is trading only about 7% below its all-time high, indicating relative resilience. Q: What are the implications of the new tariffs announced by Donald Trump? A: The tariffs on chips and pharmaceuticals, with plans for significant increases, are contributing to economic uncertainty and have impacted stock markets.

    Crypto Market AI's Take

    The current market volatility, influenced by geopolitical and economic factors like proposed tariffs, highlights the interconnectedness of traditional and digital asset markets. While headlines often focus on price drops, the underlying technological advancements continue. Projects like Succinct, with its focus on zero-knowledge proofs for applications like AI agents, represent the kind of innovation that can drive long-term value in the crypto space. Understanding these underlying technologies is crucial for identifying potential opportunities amidst market fluctuations. For those looking to navigate these complex markets, exploring how AI can assist in understanding market drivers and managing portfolios can be invaluable.

    More to Read:

  • Bitcoin Price Tanks Again to $113K, and XRP Falls Below $3
  • 20+ Next Crypto to Explode in 2025
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