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[LIVE] Crypto News Today: Latest Updates for August 07, 2025 – Bitcoin Drifts in Fragile Range as Layer2 and RWA Tokens Outperform

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Follow up to the hour updates on what is happening in crypto today, August 07. Market movements, crypto news, and more!

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Jai Pratap

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Jai Pratap Verified

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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 7, 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 07, 2025

The crypto market is showing mixed signals today, with Bitcoin hovering around $114K and Ethereum briefly breaking above $3,700 before settling slightly lower. BTC is caught in a low-liquidity “air gap” between $110K and $116K, raising concerns about further downside if demand doesn’t return. While Layer2 tokens like Arbitrum and Mantle jumped over 8%, and CeFi assets like BNB and CRO saw modest gains, sectors like Meme, PayFi, and AI posted losses. Market conviction remains weak, with ETF outflows and cautious derivatives activity reflecting a fragile backdrop.

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