Bitcoin Holds $114K as XRP and Solana Lead Downturn — August 5, 2025, 9:20 AM IST Recap

Crypto markets have sharply reversed course in early Tuesday trading, as most major assets see renewed selling:

• Bitcoin (BTC) is unchanged at $114,000, down just 0.64% over 24 hours. Volume ticks up slightly ($549.01M, +5.17%), while the funding rate edges positive (0.17%) — hinting at modestly increased long positioning but no major speculative build.
• Ethereum (ETH) pulls back below $3,600, losing 1.93% as volume drops 6.75% to $411.1M. Funding remains steady at 0.03%, pointing to balance in spot and derivatives markets.
• XRP suffers a 4.1% decline to $2.918, with volume rising 18.68% to $206.4M. Notably, the funding rate shoots up to 1.03%, indicating aggressive leveraged bets on a rebound after the sharp fall, but this could incite further volatility.
• Solana (SOL) falls 3.74% to $161.99, with volume slipping to $101.6M (down 19.4%). Its funding rate surges to 1.23%, flagging heavy leverage and greater risk of whipsaw moves.

The morning’s action reflects a risk-off rotation into Bitcoin relative to major altcoins, as longs in XRP and Solana appear to be getting squeezed, and relief rallies stall. Amid increased funding rates and heavier trading in select coins, volatility could remain high in the coming hours.

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