Bitcoin Attempted to Surpass $65K. What Happened in the Crypto Market?

cryptonews.ruPublished on 2026-08-06Last updated on 2026-08-06

Abstract

Bitcoin attempted to surpass the $65,000 mark on August 5th and 6th, reaching highs near $64,950, according to CoinMarketCap. As of the morning of August 6th (Moscow time), BTC was trading around $64,800, up 1.3% in 24 hours and close to its weekly high. Ethereum (ETH) rose more strongly, gaining 2.3% to trade near $1,900. The total cryptocurrency market cap increased by 0.9% to $2.21 trillion. U.S. spot Bitcoin ETFs saw an inflow of $244.4 million on August 5th, marking the third consecutive day of inflows with a weekly total of $626 million. Ethereum ETFs attracted $60.8 million for the day and $103 million for the week. Despite rising prices and ETF inflows, the crypto Fear & Greed Index dropped back into "Extreme Fear" territory with a score of 25/100, indicating investor caution and a potential selling bias. Meanwhile, analysts at K33 noted signs of a potential local price reversal in Bitcoin's blockchain following a hack of popular hardware wallets that resulted in over $100 million in losses.

The Bitcoin ($BTC) price made several attempts to overcome the $65K level. On the evening of August 5th, it rose to $64,954, and on the morning of August 6th, to $64,922, according to CoinMarketCap.

As of 11:20 Moscow time, the first cryptocurrency is trading around $64.8K. The coin's price has increased by 1.3% over the past 24 hours and is close to its weekly high. It was last at these levels on July 31st.

The total market capitalization of cryptocurrencies increased by 0.9% over the past day to $2.21 trillion. The trading volume during this time amounted to approximately $56 billion.

Ethereum (ETH) appreciated more strongly than Bitcoin, with its price rising by 2.3%. The leading altcoin is trading around $1.9K.

Other coins from the top ten by market capitalization showed mixed movements, changing in price within a 1.5% range. Among the top 100 cryptocurrencies, the Pi token (PI) showed the highest growth over 24 hours—up 6.6%. The strongest decline was for Audiera (BEAT), which fell by 28%.

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded an inflow of $244.4 million at the end of the trading session on August 5th, according to SoSoValue. Inflows have continued for the third consecutive day, bringing a total of $626 million into $BTC funds this week. Ethereum ETFs saw an inflow of $60.8 million yesterday and $103 million this week.

Despite rising prices and ETF inflows, the Crypto Fear & Greed Index fell back into the "extreme fear" zone from the "fear" zone on August 6th. The market sentiment indicator stands at 25 out of 100 points. This suggests that investors are inclined towards active cryptocurrency sales.

Earlier, analysts at K33 saw signs of a local price reversal for the Bitcoin coin in its blockchain. This pattern formed following the hack of popular hardware crypto wallets, which stole over $100 million.

"RBC-Crypto" does not provide investment advice; the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

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