XRP, Solana Tumble as Crypto Market Stays Soft — August 7, 2025, 9:30 AM IST

Crypto markets remain under pressure on Thursday, with altcoins XRP and Solana facing the sharpest declines:

• Bitcoin (BTC) is stable at $114,000, down just 0.64%. 24-hour volume nudges up 5.17% to $549.01M. The funding rate rises slightly (0.17%), hinting at subtle bullish positioning but no speculative extremes.
• Ethereum (ETH) slips 1.93% to $3,600 as volumes fall 6.75% to $411.1M. Funding remains calm (0.03%), suggesting the pullback is largely spot-driven with limited leverage.
• XRP leads the day’s downturn — falling 4.1% to $2.918, despite volume increasing 18.68% to $206.42M. The funding rate jumps to 1.03%, pointing to elevated long leverage and heightened volatility risk as bottom-pickers try to stem losses.
• Solana (SOL) drops 3.74% to $161.99, with volume declining 19.4% to $101.63M. Notably, the funding rate spikes to 1.23%, indicating aggressive long trades and probable liquidations or squeezes amplifying the selloff.

Amid the risk-off mood, rising funding rates in XRP and Solana signal that leveraged traders remain active, but so far are unable to arrest price declines—making short-term volatility likely to persist. Bitcoin’s relative steadiness suggests capital rotation out of riskier alts toward majors as macro uncertainty and sector-specific caution prevail.

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