Cryptocurrency Price August 5: Bitcoin Price Holds Above $114K, Ethereum Surges, Litecoin Leads Altcoin Rally

The cryptocurrency market today is showing mixed momentum as major tokens like Bitcoin, Ethereum, Litecoin, and Solana react to macroeconomic cues and shifting investor sentiment. The global crypto market cap stands at $2.27 trillion.

Bitcoin Price Today

The price of Bitcoin (BTC) today is $114,254.81, with a minor 24-hour drop of 0.17% and a weekly decline of 3.12%. Despite the slight pullback, Bitcoin remains above the key psychological level of $114K, supported by a trading volume of $14.65 billion and a market capitalisation of $2.27 trillion. Investors are watching for potential Bitcoin price breakout levels in the days ahead.

Ethereum Price Today

Ethereum (ETH) is among the top-performing cryptos today, gaining 3.09% in the last 24 hours to trade at $3,651.13. The Ethereum market cap has now crossed $440 billion, and the coin has posted a massive 42% gain over the past month. Driven by renewed interest in DeFi, NFTs, and layer-2 solutions, Ethereum continues to attract institutional crypto investors. Analysts expect further upside if ETH maintains support above the $3,600 resistance level.

Litecoin Leads the Altcoin Pack; Solana, Cardano, and Dogecoin Follow

Litecoin (LTC) is the surprise standout today, surging 9.87% to $121.69. It has gained 12.13% over the week and 39.05% over the month, making it one of the top altcoin performers in August 2025. Rising adoption of payment platforms and Litecoin halving speculation are seen as key drivers.

Other major altcoins are also in the green

Solana (SOL) is trading at $167.89, up 3.35%.

Cardano (ADA) rose 1.63% to $0.7467%.

Dogecoin (DOGE) is up 2.28% at $0.2066.

XRP price stands at $3.04, rising 1.49%

TRON (TRX) gained 1.80% to $0.3341.

Stablecoins Hold Peg, Binance Coin and Chainlink Show Modest Gains

Stablecoins like Tether (USDT) and USD Coin (USDC) continue to trade at $0.9999, maintaining their crypto price stability.
Binance Coin (BNB) is trading at $760.62, up slightly by 0.83%, while Chainlink (LINK) has gained 1.31% and is now priced at $16.77.

Other notable tokens:

Bitcoin Cash (BCH) up 2.21% at $566.00

Avalanche (AVAX) gained 3.66%, now at $22.73.

Stellar (XLM) and Hedera (HBAR) saw minor losses, down 1.41% and 1.76%, respectively.

What's Driving the Crypto Market Today?

The crypto market today is being influenced by growing speculation about a potential interest rate cut by the U.S. Federal Reserve, especially after mixed economic data was released last week. A shift in monetary policy could boost appetite for risk assets like cryptocurrencies. Meanwhile, crypto investors in India and globally are also tracking Bitcoin dominance, Ethereum staking trends, and altcoin season signals to determine future entry points.