Crypto Digests for 23 August 2025

💰 Market

• BTC: $116 729
• BTC Dominance: 57.60%
• Crypto market capitalization: $4 040.0 B
• BTC 24h: 3.90%
• ETH: $4 833
• ETH 24h: 14.48%

📊 Technical Levels

BTC

• 🟢 Support – 112 000/ 110 800
• 🔴 Resistance – 113 800/ 115 500

ETH

• 🟢 Support – 4 135/ 4 066
• 🔴 Resistance – 4 400/ 4 511

📈 24h Movers

• 🟢 LDO (Lido DAO) — $1.54 +20.55%
• 🟢 PENGU (Pudgy Penguins) — $0.04 +19.82%
• 🟢 ENA (Ethena) — $0.75 +19.20%
• 🟢 SPX (SPX6900) — $1.51 +18.40%
• 🟢 ARB (Arbitrum) — $0.59 +17.90%
• 🔴 OKB (OKB) — $200.40 -13.94%
• 🔴 FORM (Four) — $3.54 -1.99%
• 🔴 LEO (UNUS SED LEO) — $9.51 -0.79%
• 🔴 GT (GateToken) — $18.02 -0.03%

📝 Key highlights of the past 24 hours

• Bitcoin jumps to around $116,500 after Fed Chair Powell hints at possible rate cuts
• Ethereum surges 14% to approximately $4,789, hitting intraday highs
• CME FedWatch now shows an 87 probability of a September rate cut
• Bio Protocol leads trending tokens with a 79.12 increase
• Cardano sees the highest trending gain at 98.98 in 24h

🔑 Narratives

• Fed rate cuts and crypto markets — Signals from Fed Chair Powell hinting at potential September rate cuts drove Bitcoin and crypto prices higher, reflecting growing investor optimism for risk assets in a lower rate environment
• Ethereum and altcoin rally — Ethereum’s 14% intraday surge and strong performance of other major altcoins underscore a broader altcoin season, suggesting investors are diversifying beyond Bitcoin
• Investor positioning ahead of Fed decision — CME FedWatch’s 87 probability of a rate cut shows crypto traders aligning with equities, indicating heightened sensitivity to macro policy shifts and potential volatility around Fed announcements

🔥 Trending Tokens

• BTC (Bitcoin) — $116 913.79 — 24h price change 4.16
• ETH (Ethereum) — $4 834.24 — 24h price change 14.55
• XRP (XRP) — $3.09 — 24h price change 6.97
• BIO (Bio Protocol) — $0.26 — 24h price change 79.12
• ADA (Cardano) — $0.93 — 24h price change 98.98

🏦 DeFi

• TVL: $160.4 B
• TVL 24h: 7.05%
• Liquidations 24h: $521.3 M

📅 Economic Calendar

• 02:00 UTC ★★ – USD Jackson Hole Symposium Forecast: 0.00%
• 21:30 UTC ★★★ – AUD PPI (QoQ) (Q2) Forecast: +0.90%
• 21:45 UTC ★★ – CNY Caixin Manufacturing PMI (MoM) (Jul) Forecast: +50.20%