[LIVE] Crypto News Today: Latest Updates for August 05, 2025 – Crypto Market Rebounds as Layer 2 Tokens Lead Surge, ETH Briefly Breaks Above $3,700

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Follow up to the hour updates on what is happening in crypto today, August 05. Market movements, crypto news, and more!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The crypto market saw broad gains over the past 24 hours, led by Layer 2 tokens which jumped 6.15%. Mantle (MNT) soared 16.32%, while Zora (ZORA) and Optimism (OP) rose over 5%. On the other hand, Ethereum (ETH) climbed 4.48%, briefly breaching the $3,700 mark, and Bitcoin (BTC) edged up 0.29% to hover near $114,000. Despite the overall uptrend, sectors like NFTs and SocialFi posted minor losses today.

But what else is happening in crypto news today? Follow our up-to-date live coverage below.

In the Article
Bitcoin
BTC
$62,618
2.64 %
Ethereum
ETH
$1,696
2.95 %

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
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Market Overview

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Market Cap
$2,262,457,766,546
-1.68%
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Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors