Summary of the main news (August 19, 2025)
1. The general state of the market
The cryptocurrency market is experiencing a general decline:
Bitcoin dropped below $115,000, and Ethereum fell below $4,200, causing liquidations estimated at over $400 million in the past 24 hours.
As reported by other Arab sources, the market declined due to macroeconomic fears, with liquidation amounts exceeding $500 million.
2. Price details and movements
Among the notable currencies that have gained are OKB and POL, amidst a general decline.
According to an ABP Live report:
The price of Bitcoin recorded about $115,017.
OKB topped the list of winners over the past 24 hours, while PUMP.fun was the biggest loser.
3. The impact of policies and economic tensions
Traders are watching Federal Reserve Chairman Jerome Powell's speeches at the Jackson Hole Forum (scheduled for August 21-23), which may influence the market's direction.
Analysts point out that changing expectations regarding U.S. interest rate cuts have led to a decline in optimism, especially after higher-than-expected inflation data.
4. Corporate news and appointments
Tether appointed Bo Hines, the former White House crypto advisor, as a strategic advisor to support its expansion in the U.S. market.
The CEO of Galaxy Digital confirmed that if Bitcoin reaches a million dollars by 2026, it would be a sign of an economic crisis in the United States, not a victory for cryptocurrencies.
Metaplanet increased its Bitcoin holdings by adding 775 pieces, bringing the total to 18,888 Bitcoins.