Ethereum and Solana Rebound as Bitcoin Pulls Back - August 5, 2025, 9:15 AM IST Update

Crypto markets open Tuesday with renewed optimism in altcoins but muted action in Bitcoin:

• Bitcoin (BTC) eases to $114,000 (-0.3%), with an 113% jump in 24-hour volume to $525.26M—a sign of shifting market flows, possibly rotation out of BTC into high-momentum alts. The funding rate remains neutral at 0%.
• Ethereum (ETH) rallies strongly to $3,700 (+2.6%), on rising volumes ($450.06M, up 104%). Funding remains tame at 0.03%, with spot buying driving the gains and technicals now eyeing resistance near $3,730–$3,750.
• XRP holds above $3, trading at $3.042 (+1.37%) despite 14% lower volumes. Recent analyst commentary points to strong support around $2.93 and a key resistance at $3.10. Funding at 0.33% indicates mild leverage on the long side as traders debate the next breakout.
• Solana (SOL) jumps 2.8% to $168.04, with volume rising to $130.82M (+74.8%). Funding at 0.59% reflects increased bullish interest as SOL rebounds in line with leading altcoins.

Market sentiment is seeing a swift sectoral rotation into Ethereum, Solana, and select altcoins, even as Bitcoin cools. Price action and funding rates show a risk-on tilt, albeit without leveraged excesses, as investors look for trend continuation after the early-August consolidation.

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