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[LIVE] Crypto News Today: Latest Updates for August 06, 2025 – Crypto Market Sinks as Stagflation Fears Mount, BTC Falls to $113K, XRP Drops 4%

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Follow up to the hour updates on what is happening in crypto today, August 06. Market movements, crypto news, and more!

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Jai Pratap

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Jun 2023

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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Last updated:

August 6, 2025

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.

[LIVE] Crypto News Today: Latest Updates for August 06, 2025

Crypto markets broadly retreated after weaker-than-expected U.S. ISM Non-Manufacturing PMI data heightened stagflation concerns. Bitcoin fell 0.76% to $113,000, while Ethereum dropped 2.43% below $3,600 on early Asian trading hours. XRP is trading at $2.92, 4% down in the past 24 hours. Riskier sectors saw steeper losses, SocialFi plunged 6.04%, NFTs slid 5.56%, and meme coins fell 5.17%. Toncoin, Pudgy Penguins, and Bonk were among the biggest losers. Despite the broader pullback, select assets like Mantle (+8.55%) and Pump.fun (+5.90%) defied the trend, showing sector-specific resilience.

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