Why Is Crypto Down Today? – August 22, 2025

Following a single day of value appreciation, the crypto market is down as we speak once more, with the vast majority of the highest 100 cash turning pink over the previous 24 hours. General, the cryptocurrency market capitalization has decreased by 0.9%, now standing at $3.91 trillion. On the similar time, the whole crypto buying and selling quantity is at $117 billion.

Crypto Winners & Losers

On the time of writing, all prime 10 cash per market capitalization have decreased over the previous 24 hours.

Bitcoin (BTC) fell 0.7% and beneath $113,000, now standing at $112,960.

On the similar time, Ethereum (ETH) is down by 0.2%, which means it’s largely unchanged, now buying and selling at $4,293.

Dogecoin (DOGE) decreased probably the most as we speak. It’s down by 2.6% to the value of $0.2157.

It’s adopted by XRP, BNB, and Solana (SOL), that are down 1.8% every.

As for the highest 100 cash, OKB (OKB) appreciated probably the most for the second day in a row. It’s up by 23% to $234.

Gate (GT) is subsequent, with an increase of 4.1%, presently altering arms at $18.63.

However, Official Trump (TRUMP) fell probably the most: 4% to $8.43.

Subsequent up is Near Protocol (NEAR), with a drop of two.8% to the value of $2.44.

In the meantime, BitMEX co-founder Arthur Hayes argued that Ethereum could hit $20,000. “I believe ETH goes $10,000 to $20,000 earlier than the tip of the cycle,” he stated. “As soon as it’s damaged via, then you already know there’s a spot of air to the upside.”

He additionally stated that Solana would in all probability not surpass Ethereum within the bull run however that it will be a “larger asset transfer.”

‘Close to-Time period Volatility is Doubtless, However Lengthy-Time period Outlook Stays Bullish’

James Toledano, Chief Working Officer at Unity Pockets, famous that the occasion threat is excessive forward of the US Federal Reserve Chair Powell’s remarks at Jackson Gap as we speak.

“You will need to notice that costs within the U.S. seem like rising at a really quick tempo, whereas complete inflation stays regular.” Per Toledano, “this might scupper any probabilities of a Fed charge reduce – regardless of the stress on Powell from President [Donald] Trump.”

Toledano continued:

“Proper now, the markets seem like treating the volatility as a wholesome correction slightly than a development reversal, however many are bracing for choppier waters. All-in-all, I believe we must always anticipate continued volatility – positioning could stay defensive via the speech, adopted by both renewed route or established order afterwards.”

Furthermore, whereas ETFs noticed million in outflows over the previous few days, exhibiting short-term promoting stress, “beneath the floor, institutional adoption is most undoubtedly accelerating—whales are including to positions, and banks are exploring Ethereum-based merchandise,” Toledao says.

“Many traders appear to view present value ranges, even all the way down to $3.9K, as a sexy entry level, given the hopes of ETH passing $5K within the quick time period. Whereas near-term volatility is probably going, the long-term outlook stays bullish, with sturdy fundamentals and real-world use instances supporting the potential for a push towards new highs,” he concludes.

According to Glassnode, a number of alerts spotlight elevated leverage, profit-taking, and speculative depth. These, the analysts say, are indicators of traditionally mature market phases. That stated, given unavoidable idiosyncrasies, there isn’t a assure that Bitcoin and the market usually will “conform to a hard and fast temporal blueprint.”

The report discovered that capital inflows into Bitcoin are exhibiting indicators of fatigue. The demand lessened even with the brand new ATH. “This slowing urge for food has coincided with a surge in speculative positioning, as open curiosity throughout main altcoins briefly reached a file excessive of $60B earlier than correcting with a -$2.5B decline.”

Ranges & Occasions to Watch Subsequent

On the time of writing on Thursday morning, BTC trades at $112,960. It started the day with the intraday excessive of $113,949, however was unable to cross the $114,000 mark. It tried to take action yet one more time earlier than plunging to the intraday low of $112,023.

It has recovered considerably since, however the value could proceed to fall beneath the intraday low and in direction of $108,000.

BTC is now 9% away from its earlier all-time excessive of $124,128, recorded per week in the past.

Ethereum is presently buying and selling at $4,293. It noticed a really uneven buying and selling day. The bottom level it reached on this interval was $4,211, whereas the very best was $4,318.

Notably, the coin continues to maneuver between pink and inexperienced zones. In the mean time, it’s making an attempt to make a restoration. It’s nonetheless up 16% within the 1-month interval.

Moreover, the crypto market sentiment dropped once more, and it’s now nearing the concern zone. The crypto concern and greed index fell from 50 yesterday to 46 today.

This exhibits a transparent rise in concern, warning, and bearish sentiment amongst traders.

In the meantime, as of 21 August, the US BTC spot exchange-traded funds (ETFs) recorded a fifth day of damaging flows, with $194.32 million.

Grayscale and Franklin noticed inflows of lower than $5 million every, whereas BlackRock, Constancy, and Ark&21Shares recorded outflows. The very best of those is BlackRock’s $127.49 million.

However, the US ETH ETFs noticed optimistic flows of $287.61 million. With this, it broke the newest outflow streak.

Six of the 9 funds noticed inflows. Grayscale and Constancy took in $233.59 million and $28.53 million, respectively.

In the meantime, European officers have hastened their digital euro plans after Washington handed a stablecoin legislation that threatens the EU’s aggressive edge.

Officers at the moment are reportedly debating whether or not a digital euro ought to run on a public blockchain reminiscent of Ethereum or Solana.

Fast FAQ

1. Why did crypto transfer with shares as we speak?

The crypto and inventory markets are each down of their respective buying and selling intervals. By Tuesday’s closing time, the S&P 500 was down by 0.4%, the Nasdaq-100 decreased by 0.46%, and the Dow Jones Industrial Common fell by 0.34%. Buyers in each markets are awaiting the US Federal Reserve Chair Jerome Powell’s speech as we speak, particularly the rate of interest determination.

2. Is that this dip sustainable?

For now, the dips could proceed. Whereas many analysts argue that there’s nonetheless room for the crypto market to rally once more, the costs might lower additional within the quick time period.

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