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Bitcoin holds above $64,500 amid reduced short liquidations and pre-fork buying pressure.

Market News
06 Aug 2026
Bitcoin
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Neutral
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Bitcoin briefly neared $65,000 on August 6, maintaining support above $64,500 despite some intraday dips. The cryptocurrency's market cap approached $1.3 trillion, contributing to the broader crypto market cap nearing $2.29 trillion. Reduced short liquidations to $30 million indicate less selling pressure, while debate over BIP 110 and a potential chain split has created pre-fork buying pressure. Investors anticipate receiving new tokens if a fork occurs, but post-fork profit-taking could cause short-term price drops before Bitcoin resumes its upward trend.

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