📊 Cryptocurrency Market Update (16/08/2025)

The crypto market today is painted red as the global market capitalization decreases by -2.67%, now at 4.03 trillion USD. Bitcoin (BTC) is fluctuating within a narrow range, reflecting a strong tug-of-war between buyers and sellers.

🔥 Notable Developments

• BTC fluctuates within the range of 116,804 – 119,131 USD, currently at 117,661 USD (-0.90%). The price is testing the short-term support area around 117k, after a drop from the peak of 124k last week.

• ETH sharply declines by -3.57% to 4,456 USD, indicating profit-taking pressure after a recent recovery.

• SOL and BNB are both in the red (-3.58% and -1.53%), dragging down the top altcoins.

🌟 Rare Highlights

Despite the overall market weakening, some altcoins on Binance are surging:

• ALPINE/USDT 🚀 +41% – leading the rankings today, thanks to buying pressure from the fan token community.

• PORTO/USDT ⚡ +24% – benefiting from the upcoming sports event effect.

• EPIC/USDT 🌐 +17% – making waves as the project announces a new strategic partnership.

📌 Other Noteworthy Coins

• XRP: 3.14 USD (+1.35%) – maintaining a slight upward trend, with defensive money flowing into stable top coins.

• DOGE: 0.234 USD (+2.11%) – continues to attract money flow due to speculative sentiment.

• XLM and ADA: increase by +1.41% and +1.29%, indicating that the mid-cap group still has momentum.

• TRX and LINK: decrease by -1.17% and -2.20%, proving that money flow is becoming more selective.

📊 Conclusion

The market is in a phase of accumulation and adjustment after the peak, with BTC hovering around 117k. Altcoins are trading mixed: the fan token and meme coin group are surging, while major foundational coins are under selling pressure.

👉 Investors should monitor the support range of 115k – 117k for BTC; if breached, the market may enter a deeper adjustment phase.