Recap
- Bitcoin (BTC) hit a new all-time high above $124,500 on 14 August before pulling back after hotter-than-expected US PPI data dampened Fed rate-cut hopes.
- Total crypto market cap climbed above $4.18T, up from $2.5T in November 2024, reflecting broad market strength.
- Bitcoin dominance fell to 59.3% from 66% in June as altcoins gained ground. Ethereum was just $80 below its $4,868 ATH.
Top Gainers
- OKB (OKB) +152%
- MNT (Mantle) +26%
- ADA (Cardano) +20%
Top Losers
- SPX (SPX6900) -22%
- PENGU (Pudgy Penguins) -18%
- CFX (Conflux) -16%
Market Metrics
- Total Market Cap: $3.99T (+0.2% vs last week)
- BTC Dominance: 58.6% (vs 59.7% last week)
- Fear and Greed Index: 57/100 (vs 59 last week)
- Alt Season Index: 43/100 (vs 38 last week)
It's a slow week, amid the height of the northern summer. We’ll be monitoring (all times UTC):
Wednesday 20 August
Economic data
- 06:00 – UK Inflation Rate YoY (July): Lower-than-expected reading could support risk sentiment if it reduces BoE tightening pressure.
Central banks
- 18:00 – US FOMC Minutes: Traders will watch for policy signals. Dovish tones could boost crypto, while hawkish language may slow momentum.
Crypto event (token unlock)
- LayerZero (ZRO) Token Unlock: 25.71M tokens (≈$55.7M) releasing, potential selling pressure could trigger short-term volatility.
