Bitcoin Price Today 05/08/2025: BTC Retreats Below $114
- Bitcoin price today drops 0,5% on 05/08/2025
- Altcoins like TON and ENA record significant drops
- Litecoin rises 8,5% and surpasses US$120
Bitcoin's price on Monday, August 5, 2025, is at $113.998, a slight daily decline of 0,5%. After attempting a recovery in recent days and briefly reaching $115.600, the market's leading cryptocurrency lost momentum and failed to stay above the $114 level.
During the previous week, BTC remained sideways until the Federal Reserve's decision to keep interest rates unchanged for the fifth consecutive time. The news pressured prices, causing a drop from $119 to below $116.500. The downward movement continued over the weekend, with the asset touching $112, its lowest level in three weeks.
Despite selling pressure, support at $112 held, preventing further declines toward $110. The recovery attempt, however, lost momentum, and Bitcoin now trades near $114, with the cryptocurrency's total market cap estimated at $2,27 trillion, while its dominance has fallen to less than 60%.
Among altcoins, the outlook is also largely negative. TON and ENA are leading the losses with double-digit declines, trading at $3,3 and $0,58, respectively. Other coins like XLM, HBAR, and XMR are also experiencing significant losses.
On the other hand, Litecoin (LTC) surprised by registering an appreciation of 8,5%, surpassing the US$ 120 mark. MNT had an even more expressive performance, with a rise of 20%, approaching US$ 0,90.
The total cryptocurrency market cap has declined by about $40 billion in the last 24 hours, totaling approximately $3,8 trillion. Meanwhile, coins like ETH, SOL, and TRX are trading with slight gains, while SUI, LINK, ADA, HYPE, BNB, DOGE, and XRP remain in the red.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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