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Cardano, XRP, and Dogecoin led a sell-off within the crypto market, which dropped greater than 1% within the final 24 hours because the Crypto Concern Index slumped into ”Concern” territory.
ADA fell 8.25% as of 4:11 a.m. EST, adopted by POL (7%) Sei (5%), and XRP (4.4%). Dogecoin slipped over 2%, regardless of information that Trump family-backed crypto agency Thumzup Media plans to amass mining firm Dogehash.
In the meantime, the Bitcoin value tumbled over 1.5% to commerce at $113,499 forward of a doubtlessly pivotal speech by Fed Chair Jerome Powell on the Jackson Gap Summit on Friday. Traders will watch carefully for alerts on whether or not the Fed is getting ready to chop charges in September or stay targeted on taming inflation.
In 2022, a hawkish Fed speech that reaffirmed the tightening of financial coverage led to a ten% weekly drop within the Bitcoin value.
📌 This Week’s Key Market Occasions
🔹 FOMC Minutes + Fed Audio system (Wed, Aug 20)
Perception into Fed’s discussions & coverage shifts.
Hawkish = crypto weak spot 🟥
Dovish = crypto rally 🟩🔹 Powell’s Speech @ Jackson Gap (Thu, Aug 21)
Markets value in ~84–85% likelihood of Sept. fee lower… pic.twitter.com/RdALXa4Axc— BitOpex.io (@BitopexIO) August 19, 2025
There will even be different weighty information, with the Fed resulting from launch minutes from the FOMC assembly held July 29-30 at this time, August 20. That may shed extra mild on opinion throughout the Ate up whether or not charges needs to be lower or not.
Crypto Concern Index Sinks As Powell’s Jackson Gap Speech Looms
In the meantime, the Crypto Concern and Greed Index has dropped to 44, from yesterday’s 56, with sentiment turning to ”Concern.”
The falling market led to 120,855 dealer liquidations totaling $441.49 million within the final 24 hours, with the most important single order of $9.70 million on Binance, in keeping with Coinglass.
Pump.enjoyable Leads Gainers With 7% Surge
Pump.enjoyable (PUMP) led gainers with a 7% surge, adopted by Mantle (MNT) with 6%, Aerodrome Finance (AERO) 5%, and Morpho (MORPHO) 4.8%, in keeping with CoinMarketCap.
📌 This Week’s Key Market Occasions
🔹 FOMC Minutes + Fed Audio system (Wed, Aug 20)
Perception into Fed’s discussions & coverage shifts.
Hawkish = crypto weak spot 🟥
Dovish = crypto rally 🟩🔹 Powell’s Speech @ Jackson Gap (Thu, Aug 21)
Markets value in ~84–85% likelihood of Sept. fee lower… pic.twitter.com/RdALXa4Axc— BitOpex.io (@BitopexIO) August 19, 2025
Cardano And Bitcoin Testing Key Help Ranges
Cardano not too long ago rejected the $1.02 Fibonacci resistance. Help now lies round $0.83 (Fib 0.382) and $0.77 (50-day SMA), which shall be key ranges to carry for continuation.
The value of BTC has not too long ago pulled again from its native excessive above $124,000, retracing towards the $113,000 zone.
The 1-day chart reveals that it’s nonetheless respecting the broader uptrend construction, however the correction is testing the short-term ascending trendline and sitting just under the 50-day Easy Shifting Common (SMA) round $115,800.
In the meantime, the 200-day SMA at $100,300 stays far under as a powerful longer-term assist, preserving the general pattern bullish regardless of the present pullback.
The Relative Power Index (RSI) is at 42, suggesting that momentum has cooled and the market is nearing oversold territory.
Fibonacci retracement ranges spotlight $112,300 as a crucial 0.236 assist, with deeper ranges at $105,000 and $99,300 if promoting strain continues.
If consumers defend the present zone, Bitcoin might rebound towards $120,000 and retest resistance close to $124,000.
Nevertheless, a sustained breakdown under $112,000 could open the way in which for a decline towards $105,000, aligning with the 0.382 Fibonacci assist.
Total, the medium-term pattern stays bullish, however near-term value motion is corrective and depending on holding key assist ranges.
SkyBridge’s Anthony Scaramucci maintains a $180K – $200K Bitcoin value goal by year-end. Scaramucci says establishments are piling in whereas whales reshuffle with demand now crushing provide.
WATCH: SKYBRIDGE CAPITAL FOUNDER ANTHONY SCARAMUCCI SAYS “WE STILL MAINTAIN OUR PRICE TARGET BETWEEN $180K AND $200K BY YEAR END.” pic.twitter.com/9T6zhtEspQ
— The Wolf Of All Streets (@scottmelker) August 19, 2025
Scaramucci’s prediction can also be supported by Bernstein analysts, who say that the crypto bull market might run by way of 2027, with BTC reaching $150k to $300k, with altcoins like ETH and SOL driving the subsequent part.
Nevertheless, Japan’s 10-year bond yield has risen above 1.61% to the best degree since 2008, could sign tightening international liquidity, which might strain threat belongings like Bitcoin and cut back cryptocurrency demand.
Dogecoin Slides Regardless of Trump-Backed Acquisition Deal
Dogecoin dropped regardless of a Trump-backed cryptocurrency treasury agency, Thumzup Media, planning to amass Dogehash Applied sciences, a North American Dogecoin mining firm.
Dogehash shareholders will trade their shares for 30.7 million Thumzup shares in an all-stock deal. As soon as accomplished, the merged entity will function as Dogehash Applied sciences Holdings Inc. and listing on Nasdaq below the ticker XDOG.
Trump junior backed Thumzup Media Company has expanded right into a utility-scale #Dogecoin mining operation.
Being a direct producer of $Doge. pic.twitter.com/uVFDflsz57
— dogegod (@_dogegod_) August 19, 2025
The partnership is concentrated on creating one of many world’s largest Dogecoin mining operations. In line with the corporate, the acquisition may very well be a doorway in direction of utilizing Dogecoin’s velocity and low transaction prices to make the asset extra extensively accessible.
In the meantime, DOGE is at present buying and selling simply above each the 50-day and 200-day SMAs, suggesting a neutral-to-slightly bullish pattern so long as it holds the $0.20 assist zone.
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