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#MarketTurbulence # Turbulence in the crypto market: What's happening?
Cryptocurrency markets have entered a marked volatility phase, especially starting from August 14 and 15, 2025. This period of instability has been driven by key macroeconomic factors and significant movements in major digital assets.
## What caused the turbulence?
The main trigger was the **release of inflation data in the United States**, which generated uncertainty about the Federal Reserve's next move regarding interest rate cuts. High-level reports, including comments from Treasury Secretary Scott Bessent, added confusion about the future direction of monetary policy.
This triggered an **immediate reaction in the markets**, with a widespread sell-off that particularly affected Bitcoin and other major cryptocurrencies.
## Performance of major assets (data updated as of August 16)
Below is the recent behavior based on accurate price data:
- **Bitcoin (BTC)**
- Most recent closing price: **117,740.16 USDT**
- Maximum reported drop: around **7%**, down from levels close to 123,800 USDT.
- Market action shows a significant pullback, with the price moving below 118,000 after opening at 117,275.22 USDT in the last session.
- **Ethereum (ETH)**
- Most recent closing price: **4,457.11 USDT**
- Despite the overall drop, Ethereum showed some relative strength, with strong inflows into institutional ETFs of **729 million dollars**.
- **Notable altcoins**
- **Solana (SOL)**: closed at **186.60 USDT**, after a correction from previous highs above 194 USDT.
- **XRP**: rose to **3.0622 USDT**, showing positive resistance.
- **BNB**: regained ground, closing at **825.29 USDT**, after temporarily falling to 812.57 USDT.
- **Dogecoin (DOGE)**: showed volatility, closing at **0.22505 USDT**.
- **Cardano (ADA)**: gained momentum, closing at **0.9491 USDT**, after a rally from 0.9108 USDT.
## Market trends
- **Bitcoin Dominance** has fallen below **60%**, suggesting a possible start of *altcoin* season.
- Open interest in derivatives reached record levels, with **32.5 billion dollars**, indicating high exposure and potential liquidation risk.
- A key event on the horizon is the **expiration of Bitcoin options on Deribit on August 31**, amounting to 12 billion dollars, which could increase volatility in the coming weeks.
## Current outlook
Although the market showed short-term weakness, there are mixed signals: while some assets corrected sharply, others like Ethereum and certain altcoins showed strength. Attention is now focused on **U.S. retail sales data** and how the system evolves.
The above information has been researched, summarized, and does not constitute investment advice.
