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OKB soared to a brand new all-time excessive (ATH), Kanye West’s YZY token plummeted, and Bitcoin dropped under $113K forward of Fed Chair Jerome Powell’s Jackson Gap Speech later as we speak.
OKB led gainers with a 16% surge to commerce at $218 as of 4:15 a.m. EST, the place it additionally touched a brand new ATH at $255.50.
Amongst different prime gainers, Zcash (ZEC) jumped 9.8%, GateToken (GT) climbed 5.6%, and KuCoin Token (KCS) rose 3.2%.
In the meantime, the Bitcoin value tumbled a fraction of a p.c to commerce at $112,837 forward of Powell’s probably pivotal speech. Buyers can be watching intently for indicators on whether or not the Fed is getting ready to chop charges in September or stays involved about inflation.
OKB Soars To ATH As Broader Market Dips With Impartial Sentiment
OKB has reached a brand new all-time excessive at round $229, with Fibonacci retracements indicating key help at $200 and resistance at $236.
The 50-day and 200-day Easy Shifting Averages (SMAs) stay bullish, and the RSI at 59.17 displays robust however cooling momentum.
If patrons preserve the worth above $200, OKB might goal $294. A robust help zone lies at $171.
The most important losers amongst main cryptos had been Pump.enjoyable (PUMP), Tezos (XTZ), and Official Trump (TRUMP), with falls of three.7%, 3.2%, and a pair of.9%, respectively.
This comes because the Worry and Greed Index remained on the impartial stage of fifty, down sharply from 60 final week.
The falling market led to complete liquidations of $224 million, in keeping with Coinglass.
Kanye West’s YZY Token Plummets 45% After Launch
YZY MONEY, a token linked to rapper Kanye West (aka Ye), plummeted 45% within the final 24 hours to commerce at $0.6523.
The token soared initially to succeed in a market cap of $3 billion after it was promoted on Kanye West’s X account. However its subsequent collapse appeared to substantiate considerations that it may be a rugpull.
Whereas controversial influencer Andrew Tate is sitting on an unrealized revenue of $41K and 13 different wallets pocketed over $1 million every from the token, hundreds of traders have been left with losses. Just six addresses, probably insiders, management a whopping 90%, in keeping with BubbleMaps knowledge.
An on-chain sleuth by the pseudonymous identify Dethective linked one of many wallets that sniped the YZY token to a different set of wallets behind the LIBRA token, including to suspicions across the token.
5/ A recap
That is what they extracted to date with:
• Inside data
• Massive capitalNearly 23M, now sitting on Kamino or already on Binance pic.twitter.com/oP1XzyfgwC
— dethective (@dethective) August 21, 2025
Bitcoin Drops Beneath $113k Forward Of Powell’s Jackson Gap Speech
Bitcoin is down over 3% within the final week after hitting an ATH of over $124K on Aug. 14.
Massive day as we speak! Fed Chair Jerome Powell will converse on the Jackson Gap occasion as we speak at 4pm CEST / 10am ET.
Powell has been beneath strain from Trump to deliver rates of interest decrease, whereas he is getting combined indicators from financial knowledge.
A struggling job market would encourage the Fed… pic.twitter.com/e4NDPIVL74
— Jelle (@CryptoJelleNL) August 22, 2025
Momentum Indicators Again Bullish Sentiment
The weekly BTC/USD chart reveals that the Bitcoin value has dropped under the $113k stage. Nevertheless, the rising channel sample has held robust because the 2022-2023 bear lows round $15K-$20K.
The 50-day Easy Shifting Common (SMA) at $93,893 acts as help, which has been a key catalyst in pushing the worth of BTC up.
In the meantime, the Relative Power Index (RSI) at 58.24 is impartial however dropping down, suggesting that sellers could also be gaining some momentum to push BTC again to the $107,500 resistance turned help.
Within the brief time period, traders are waiting for resistance at $120,000, as a result of if BTC value breaks it, $150,000 is possible.
Conversely, if as we speak’s speech turns hawkish, Bitcoin might dump to the $94,000 help.
Regardless of the bullish outlook, spot Bitcoin exchange-traded funds (ETFs) have posted their longest run of outflows in over 4 months at about $1.17 billion, in keeping with SoSoValue knowledge.
ProCap CEO Anthony Pompliano says that Bitcoin has reached oversold ranges, suggesting it could be prepared for a rally.
ProCap CEO Anthony Pompliano says Bitcoin’s drawdown reveals maturation of the asset and thinks it’s a great signal for $BTC in the long term. pic.twitter.com/IjPkv02uoG
— Crypto Aman (@cryptoamanclub) August 22, 2025
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