Daily Market Report — August 15, 2025
Crypto markets pulled back sharply in the past 24 hours, with total market capitalization falling to $153.629 billion. The Fear & Greed Index eased to 59 (Greed), signaling a cooling in investor sentiment. Bitcoin (BTC) dropped 3.92% to close at $118,695.98, after hitting a high of $123,849.99 and a low of $117,180.00. Ethereum (ETH) followed suit, slipping 2.60% to finish at $4,609.23, trading between $4,454.16 and $4,788.01. Futures positioning showed BTC leaning toward longs (50.66% vs 49.34% shorts), while ETH remained slightly skewed toward shorts (50.77% vs 49.23% longs).
Despite the broader market pullback, several altcoins posted exceptional gains. FPX skyrocketed 82.80%, NOX surged 57.24%, and SLY advanced 27.92%, indicating concentrated speculative activity in high-volatility small caps.
In a landmark deal, Coinbase completed its $2.9 billion acquisition of Deribit, cementing its position as the global leader in crypto derivatives. Meanwhile, Sequans announced an ambitious plan to accumulate 100,000 BTC by 2030.
The convergence of AI and blockchain continued, as TeraWulf signed a 200MW, 10-year AI custody agreement with Fluidstack, with Google participating in the initiative. On the institutional front, Citigroup is exploring custody and payment services for stablecoin and cryptocurrency ETFs.
In regulatory developments, the US SEC postponed its decision on Bitwise and 21Shares’ Solana ETF proposal until October 16. Additionally, the American Bankers Association and 52 other organizations jointly called for amendments to the GENIUS Act.
On the mining front, American Bitcoin, a company backed by members of the Trump family, purchased 16,299 Antminers from Bitmain, signaling continued investment in Bitcoin mining infrastructure despite market volatility.
Owen
