Market Snapshot (As of August 21, 2025)
Overall Sentiment: Markets are showing signs of stabilization and modest growth, with top coins broadly in positive territory.
Total Market Cap: Up around 1.1%, currently sitting at approximately $3.95 trillion.Cryptonews
Major Movers:
Bitcoin (BTC): Slightly down or stable, trading near $113,700–$113,900.Barron'sCryptonewsThe Economic Times
Ethereum (ETH): Gaining ground—up between 2.3% and 4%, trading near $4,287–$4,300.CryptonewsThe Economic TimesBarron's
Other Altcoins: Solana, $XRP
, DOGE, and others showing gains in the 1–6% range across the board.CryptonewsBarron'sIndiatimes
ETF Flows: Heavy institutional buying continues—$3.748 billion poured into crypto funds last week, with Ethereum overwhelmingly capturing most of that.CryptonewsBarron's
Macro Factors: All eyes are on Federal Reserve Chair Jerome Powell's upcoming Jackson Hole speech; expectations of interest-rate cuts are fueling cautious optimism.Barron'sCryptonews
Key Headlines
China Eyes Yuan-Backed Stablecoins
China is weighing the launch of stablecoins backed by the yuan—a strategic move to internationalize its currency and compete with USD-backed offerings. Key financial centers like Hong Kong and Shanghai are central to this plan.ReutersBitcoin Weekly Drop, Ethereum and Others Recovering
Bitcoin has dropped nearly 8% over the past week to around $113K, while Ethereum is showing strength with a daily gain of approximately 3%. Analysts see cautious optimism due to encouraging signs across top tokens.The Economic Times
What This Means for You
Risks vs. Opportunities: $BTC retracement may offer short-term buying opportunities, while $ETH rebound signals institutional confidence.
Watch Powell’s Speech: Any dovish tone from the Fed could reignite a broader crypto rally.
Stablecoin Landscape: China's interest in yuan-backed stablecoins could significantly reshape the global stablecoin market and geopolitical dynamics.
