Crypto Market Morning Report – 21 August 2025
Date: Thursday, 21 August 2025
Welcome to the morning crypto market update by CurrencyConverter.top. Today’s session opened with mixed sentiment across Bitcoin, Ethereum, and major altcoins. While global equities remain stable, crypto traders are focusing on regulatory headlines, Bitcoin ETF flows, and DeFi activity. Let’s dive deeper.
🔹 Global Crypto Market Overview
The global cryptocurrency market cap stands near $2.89 trillion, slightly down by 0.6% overnight. Trading volumes have shown resilience, with DeFi contributing more than 18% of total activity. Bitcoin dominance remains firm at 52.1%, showing investors are still favoring safer crypto assets.
📊 Top Crypto Prices (as of 7:30 AM IST)
| Cryptocurrency | Price (USD) | 24h Change | Market Cap |
|---|---|---|---|
| Bitcoin (BTC) | $63,450 | -0.42% | $1.25T |
| Ethereum (ETH) | $3,210 | -0.15% | $385B |
| Solana (SOL) | $155 | +1.2% | $70B |
| XRP | $0.69 | -0.5% | $37B |
| Dogecoin (DOGE) | $0.184 | +0.9% | $26B |
💡 Market Drivers
- ETF Inflows: Bitcoin ETFs in the U.S. witnessed net inflows of $120M yesterday, stabilizing BTC above $63K.
- Ethereum Upgrade: A major ETH scaling upgrade scheduled for Q4 2025 is already boosting investor interest in L2s.
- DeFi TVL: Total Value Locked across protocols stands at $180B, led by Uniswap and Aave.
- Regulation: The EU’s MiCA framework officially starts today, impacting stablecoin issuers.
🌍 Global Market Correlation
Wall Street closed flat, with Nasdaq slightly higher. Asian indices opened steady. Crypto traders will be watching the U.S. Dollar Index (DXY), which rose to 101.9, exerting mild pressure on risk assets.
🔎 Technical Analysis
Bitcoin (BTC)
BTC is consolidating between $62,800 – $64,200. The 50-day EMA at $62,500 remains a strong support, while RSI at 54 suggests neutral momentum.
Ethereum (ETH)
ETH faces resistance at $3,250, with support near $3,150. RSI is flat at 50, indicating sideways action.
Solana (SOL)
SOL gained momentum above $150 after whales added nearly $200M in holdings last week. Next resistance: $160.
📈 Trading Ideas
- BTC: Accumulate near $62.5K with SL $61.8K; targets $64.5K–65K.
- ETH: Range-bound strategy between $3,150–3,250.
- SOL: Buy dips toward $150, potential breakout to $165.
🔗 Related Reading
- Crypto Market Today: Price Update
- Stablecoins in 2025: The Future of Crypto
- Top Crypto Insights & Predictions for 2025
❓ FAQ – 21 August 2025 Crypto Market
1. Why is Bitcoin consolidating today?
BTC is trading sideways as traders await U.S. macroeconomic updates and ETF inflow confirmations.
2. Is Ethereum bullish?
ETH is neutral today, consolidating between $3,150 and $3,250. Long-term trend remains positive with upgrades coming.
3. Which altcoins are performing better?
Solana and Dogecoin are outperforming the broader market with positive gains.
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