August 17, 2025
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Crypto Market Update 16/8/2025: Bitcoin Holds $117K, ETH Faces Staking Woes, SOL Eyes $200 Breakout

Published on August 17, 2025 • by Affmiss Editorial

Crypto Market Update 1

🪙 Bitcoin Rebounds After Sharp Liquidation

After a steep correction earlier this week, Bitcoin has stabilized near $117,600, recovering from a 5% drop that saw its price dip below $115K. The correction wiped out over $1.8 billion in leveraged long positions, signaling massive repositioning by traders ahead of a potential September Fed rate cut.

BTC remains resilient as institutional interest picks back up. If you’re new to crypto and want to buy Bitcoin, we recommend using Binance or Bybit for global access and low fees.

🧠 Ethereum Faces Congestion from Staking & ETF Frenzy

Ethereum is currently trading around $4,419, facing profit-taking pressure and congestion in its staking exit queue. However, interest from institutional investors remains high, with strong volumes in ETH ETFs pushing the ETH/BTC ratio upward.

New investors looking to stake or trade Ethereum can start with platforms like OKX or BingX.

🚀 Solana Gains on Adoption Hype

Solana (SOL) has seen a nearly 10% surge to $191.53, outperforming its L1 peers. Analysts attribute this to over 3 million active wallets and speculation that macro tailwinds could push it past the $200 mark. SOL’s momentum makes it a top altcoin to watch.

For those wanting to grab SOL, consider using Gate.io or Phemex.

📈 XRP & WLD Show Strength Post Dip

XRP rose slightly to $3.12 after bouncing back from recent lows. Nasdaq-listed pharma firm Wellgistics is integrating XRP for payments—fueling long-term use cases despite recent volatility.

Meanwhile, Worldcoin (WLD) continues to build traction, especially in emerging markets. With biometric ID solutions on-chain, WLD is gaining user base and utility faster than expected.

📊 ETF Volume Influx: Bullish Signal

BlackRock and other major players recorded their busiest ETF week ever—moving over $40 billion. This renewed demand for crypto exposure through traditional markets is a major bullish indicator for Q4 2025.

🔥 Market Outlook

  • 📍 Bitcoin holding above $117K sets a strong short-term support level
  • 📍 Ethereum ETFs could bring price momentum after congestion eases
  • 📍 Solana poised to break $200 if wallet growth continues
  • 📍 Watch out for ENA, ONDO, PEPE, SUI as speculative altcoins in high rotation

🧑‍🏫 How to Buy Trending Altcoins (SOL, ENA, PEPE…)

If you’re looking to buy the top trending altcoins like SOL, ENA, PEPE, SUI, WLD, ONDO, here’s how:

  1. 🔍 Choose a trusted exchange: We recommend Binance or Bybit
  2. 💳 Deposit funds (USD, EUR, etc.) via bank transfer or card
  3. 📈 Search for the coin symbol (e.g. SOL) and click Buy
  4. 🔐 Store it securely in your wallet or exchange account