Quarterly Bitcoin Increase Reaches 108 BTC, Current Value Sits at $1.15 Billion
In the ever-evolving world of cryptocurrencies, the market landscape as of August 20, 2025, has taken a bearish turn. Here's a rundown of the latest developments for some of the key players:
Bitcoin (BTC), the world's largest cryptocurrency by market cap, is trading around $113,000. After reaching highs above $124,000 in late May, Bitcoin has slumped about 2.7%, marking a pullback amid general risk-off sentiment in traditional markets. The price drop has taken Bitcoin to its weakest in almost two weeks. Institutions, such as Michael Saylor's Strategy (MSTR), have also seen declines, down about 5.7% on August 20, though still significantly up compared to several years ago.
Ethereum (ETH), the second-largest cryptocurrency, has fallen below $4,100, marking a 4.8% daily decline with bearish momentum. The price dropped from previous attempts to hold above $4,700 down to around $4,335 and may retest the critical support at $4,000. This retreat is partially attributed to profit-taking by whales and rising sell pressure. Technical indicators such as the Stochastic RSI suggest further downside risk. Resistance sits near $4,800, but the short-term direction is uncertain and volatile, with significant market attention on the $4,000 level.
Ripple (XRP) has also experienced a decline, approximately 5.5%, contributing to negative sentiment in the PayFi sector, which overall crashed 5.6% during the same period. XRP is among the tokens showing sharp losses in the current bearish phase.
For Solana (SOL), Litecoin (LTC), Cardano (ADA), Monero (XMR), specific recent price movements or news were not detailed in the provided reports. However, the overall crypto market has broadly experienced steep losses between 2% and 6%, suggesting these altcoins are likely trending downward alongside major sectors such as CeFi, Layer1, Layer2, and DeFi tokens.
As the market navigates this downturn, it's important to remember that the crypto space is dynamic and ever-changing. To stay updated, follow reputable sources such as our website, which provides news on a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, Cardano, Monero, and more. Our platform offers sections for News, Blog, Infographics, Press Releases, Advertise, About, and Contact, and a Newsletter is available for subscriptions.
[1] Source for Bitcoin, Ethereum, Ripple, Solana, Litecoin, Cardano, and Monero information. [2] Source for overall market downturn information. [4] Source for institutional Bitcoin-related shares information. [5] Source for technical indicators and resistance level information.
- After a bearish turn in the cryptocurrency market as of August 20, 2025, key players such as Bitcoin and Ethereum have experienced declines, with Bitcoin trading around $113,000 and Ethereum falling below $4,100.
- As institutions like Michael Saylor's Strategy see declines, and technical indicators suggest further downside risk, it is crucial for investors to follow reputable sources like our website for news on various cryptocurrencies, including Bitcoin, Ethereum, Ripple, and more, to stay updated on market trends and changes.
