Cryptocurrencies extended their weakness on August 21, 2025, with Bitcoin (BTC) trading near $113,000 after the recent sell-off.
Meanwhile, Ethereum (ETH) and XRP maintained gains at key levels but were also facing pressure.
However, a few altcoins were defying the trend, led by OKB (OKB) and Morpho (MORPHO).
Overall, the total crypto market cap on August 21 stood at $3.85 trillion, up 0.36% in 24 hours.
The daily trading volume was down 6% at $175 billion, while total liquidations reached $350 million, down 20%.
Here’s a brief outlook for crypto prices ahead of the US market open and as investors await Federal Reserve chair Jerome Powell’s speech at the Jackson Hole symposium.
Bitcoin eyes bounce ahead of Jackson Hole
Bitcoin (BTC) traded at $113,432, down 0.53% over the past 24 hours and -6.5% over the week.
With a market cap of $2.2 trillion and a 24-hour trading volume of $65 billion, BTC remains the market leader.
However, investors are eyeing a potential bounce after Bitcoin slumped from highs of $124k last week.
As the Jackson Hole symposium looms, the anticipation is that the Federal Reserve will signal that interest rate cuts are coming in September.
If this happens, it could bolster risk assets and see BTC price target a sharp rebound.
However, a breakdown could see BTC revisit support near the $100k level, crypto analyst Captain Faibik predicted via X.
$BTC has exactly Retested the Daily EMA50 and is now preparing for another Bearish impulse.
If the $111.8K Support breaks, be Ready for a drop toward $108K..
#Crypto #Bitcoin #BTCUSD
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Ethereum and XRP show resilience despite broader profit-taking
Ethereum (ETH) continued to demonstrate resilience above the $4k level as bulls kept ETH trading at $4,295.
While the altcoin was only 1.7% up in the last 24 hours and down 8% over the week, bulls are upbeat.
This comes as top Ethereum treasury companies accumulate more ETH amid whale offloading and overall profit-taking.
XRP held steady at $2.90 after failing to break above $3.40.
The token was little changed over the past 24 hours, though it carried weekly losses of nearly 10%, leaving downside risks in play.
Still, momentum has tilted toward bulls, supported by Ripple’s RLUSD stablecoin adoption and optimism around a potential ETF.
Despite $11.7 million in liquidations—largely long positions—XRP’s breakout above $2.50 has underpinned a broadly positive outlook.
OKB and MORPHO top gainers as Mantle pares gains
As top altcoins and BTC looked to hold onto gains or bounce, the show belonged to OKB, Morpho and a few other alts early Thursday.
OKB stole the spotlight as it surged more than 50% in 24 hours to hit a new all-time high of $195.
Gains have come amid OKX’s $7.6 billion token burn, with OKB supply capped at 21 million.
Elsewhere, MORPHO, a lesser-known but rising market participant, spiked into double digits to a six-month high.
Morpho’s surge aligns with Coinbase support and speculative interest as MORPHO grows into a key DeFi and RWA token.
But while OKB and MORPHO rose, Mantle (MNT) pared gains as it dropped more than 6% to $1.28.
Profit-taking also impacted Lido DAO and Pump.fun tokens across the 100 largest coins by market cap.
The post Crypto wrap: BTC eyes bounce as ETH, XRP hold gains and OKB explodes appeared first on Invezz
