The cryptocurrency market has shown a consolidation behavior today, with a notable decrease in volatility. This "calm before the storm" is mainly attributed to the anticipation of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium scheduled for the coming days. Investors are awaiting signals regarding a possible restart of interest rate cuts in September. Despite this pause, the overall sentiment remains optimistic, driven by recent gains.
#Bitcoin that recently reached a new all-time high of around $124,000, has experienced a slight correction, trading in the range of $117,000 to $118,000. Analysts point out that this pullback is an anticipated correction after a seven-week rally.
There is a split among analysts. While some foresee a deeper correction, with possible drops to $108,000 or even $77,000 in a bearish scenario, others maintain a long-term bullish outlook, predicting that BTC could reach $150,000 by the end of the year. The key for the continuation of the rally is to maintain support above $110,000.
Bitcoin's dominance has decreased, allowing a rotation of capital towards #alcoins , a phenomenon known as "altcoin season." #Ethereum , in particular, has outperformed Bitcoin in recent gains, indicating increased interest in the altcoin ecosystem.
The price of $SOL has remained strong, around $193, driven by massive inflows into the REX-Osprey SOL + Staking ETF. This ETF has seen over $164 million in capital flows over the past seven weeks, demonstrating great appetite for SOL and its staking potential.
The token $XRP is at a divergence point, with forecasts ranging from a modest rise to $3 to more extreme speculations. For its part, Chainlink is on track to reach an annual high of $30, driven by significant accumulation from "whales" and increased investor interest.
The most determining factor in the current market sentiment is the upcoming Jackson Hole Symposium. Speculation about a possible restart of rate cuts by the Federal Reserve is reducing volatility and causing investors to act cautiously. A "dovish" message from Powell could catalyze the next bullish leg of the market.
The market is in a phase where smart money seems to be rotating out of Bitcoin and into altcoins preparing to break out of their #acumulación zones. This does not necessarily indicate an end to the bull cycle, but rather a phase of portfolio rebalancing.
The recent reserve report of #Tether reveals that it has $162.57 billion in assets, consolidating its position as a dominant player in the stablecoin market, similar to a "central bank" of the crypto world.
In summary, August 17, 2025, was a day of pause and consolidation for the crypto market. While Bitcoin experienced a slight pullback after its recent surge, altcoins showed strength, and the overall sentiment remains positive. The short-term direction of the market will largely depend on the Federal Reserve's comments, while in the long term, the fundamentals of institutional adoption and cycle dynamics continue to point to a promising future.
