🌍 Daily Crypto News Update – August 21, 2025

Yesterday’s crypto market (August 21, 2025) reflected a cautious tone as traders positioned ahead of Jerome Powell’s Jackson Hole speech. While Ethereum and Solana posted gains, Bitcoin and BNB faced consolidation and profit-taking. Meanwhile, macro forces like a stronger U.S. Dollar and Fed hawkishness continued to weigh on risk appetite.

🔹 Bitcoin Under Pressure Ahead of Fed Speech

Price: $113,385
After correcting from its recent $124,000 peak, Bitcoin is consolidating below key moving averages.
Rising demand for put options and bearish option skew suggest traders are bracing for downside risk.
All eyes are on Powell’s speech at Jackson Hole for signals on the Fed’s rate trajectory.

🔹 Ethereum Outperforms with Institutional Inflows

Price: ~$4,300 (+1.79%)
Ethereum extended its strong monthly rally, driven by high-profile institutional buyers (including Peter Thiel) and robust network activity.
Traders appear to be shifting attention from Bitcoin to altcoins like ETH for growth opportunities.

🔹 XRP Tests Critical Support at $3

Price: $2.88 (+0.87%)
XRP continues to whipsaw amid heavy whale selling and mid-tier accumulation.
Technical charts show resistance at $3, marking a make-or-break level.
Powell’s Jackson Hole speech may tip XRP’s short-term direction.

🔹 Solana Holds Ground Near $183

Price: $183 (+1.27%)
Solana maintains its post-ETF rally momentum.
Bulls are targeting a breakout above $191, but consolidation and macro risks could challenge its uptrend.

🔹 BNB Cools After Record Highs

Price: ~$883 (before pullback)
Binance Coin hit a record high as daily active addresses surpassed 3 million.
However, profit-taking and momentum signals suggest a potential cooldown phase.

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🔹 Macro Headwinds: US Dollar & Fed

The US Dollar Index held near 98.50 after strong PMI data.
Persistent Fed hawkishness is reducing hopes for near-term rate cuts.
Risk assets across crypto and equities remain volatile ahead of Powell’s remarks.

🔹 Gold & Silver Range-Bound

Gold: ~$3,340, consolidating below resistance as dollar strength weighs.
Silver: ~$38, rebounding but capped by technical barriers.
Both metals are trading directionless, awaiting Fed commentary.

📊 Market Snapshot – August 21, 2025

Asset	Price	Daily Move	Key Driver
BTC	$113,385	Flat	Consolidation, Fed risk
ETH	$4,300	+1.79%	Institutional inflows
XRP	$2.88	+0.87%	Whale moves, ETF speculation
SOL	$183	+1.27%	ETF momentum, bullish demand
BNB	$883	Pullback	Profit-taking after ATH
DXY	98.50	Strong	Fed hawkish stance
Gold	$3,340	Range-bound	Dollar strength
Silver	$38	Range-bound	Technical barriers

💡 Final Takeaway (August 21, 2025)

Bitcoin is consolidating, with bearish sentiment growing ahead of the Fed.
Ethereum stands out thanks to institutional inflows.
XRP is at a crossroads near $3.
Solana continues to show resilience but faces macro uncertainty.
BNB cooled off after record highs, showing profit-taking patterns.
Macro factors (Fed speech, US Dollar strength) remain the decisive forces shaping near-term crypto moves.

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⚠️ Disclaimer: This market update is for informational purposes only and should not be taken as financial advice. Always DYOR (Do Your Own Research).