What’s happening in the crypto market today (August 18, 2025)?
The global crypto market is sliding. Market capitalization has dropped by around $70 billion, now sitting near $3.85 trillion.
$BTC has fallen below $115,000, losing about 2% today.
$ETH slipped under $4,400, down about 5–6%, with some analysts even eyeing $3,200 as possible support.
Most altcoins are also in the red, though Chainlink stands out with a nearly 9% gain against the broader trend.
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Why is this happening?
The main driver is macroeconomic: expectations of a Federal Reserve rate cut have dropped from nearly 98% to around 84% after stronger-than-expected inflation and producer price data.
Over $1 billion in leveraged positions were liquidated in the last 24 hours, mostly long positions, which accelerated the selling pressure.
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So, is every token dropping?
Not literally every token. The general market pressure is downward, especially for majors like #BTC #ETH and #Solana , but there are exceptions — Chainlink being the most notable gainer today.
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What’s next?
The upcoming Jackson Hole speech from the Fed Chair (Aug 21–23) will be critical for market direction.
Historically, September has been a tricky month in post-halving years: often a correction before a renewed bullish surge toward year-end.
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Quick snapshot
Current Market Details
Market cap ~$3.85T (–$70B)
Key driver Lowered Fed rate cut expectations, strong inflation data, liquidations
Bitcoin ~$115K, –2%
Ethereum ~$4,400, –5–6%
Altcoins Mostly weak, but Chainlink +9%
What to watch Fed’s Jackson Hole meeting, September risk!
