Bitcoin, Ethereum, XRP Hold Steady As Dogecoin Gains

Author: Khyathi Dalal | August 20, 2025 03:15pm

Cryptocurrency markets are slightly up on Wednesday as markets shift their attention to Fed Chair Powell’s speech at Jackson Hole on Friday.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$113,623.99
Ethereum	(CRYPTO: ETH)	$4,305.82
Solana	(CRYPTO: SOL)	$183.78
XRP	(CRYPTO: XRP)	$2.92
Dogecoin	(CRYPTO: DOGE)	$0.2175
Shiba Inu	(CRYPTO: SHIB)	$0.00001245

Notable Statistics:

• Coinglass data shows 114,851 traders were liquidated in the past 24 hours for $446.26 million.
• SoSoValue data shows net outflows of $523.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $429.7 million. 
• In the past 24 hours, top gainers include OKB (CRYPTO: OKB), Aerodrome Finance (CRYPTO: AERO) and Conflux (CRYPTO: CFX).

Notable Developments:

• Bitcoin, Ethereum Bounce To $114,000 And $4,300: Was This The Dip?
• Goldman Sachs Projects Stablecoin Market Could Reach Trillions
• Over $500 Million In Outflows From Bitcoin ETFs: What Does It Mean For The Bull Market?
• Tim Scott Seeks Bipartisan Backing For Crypto Bills, But Says This Leading Democrat Is The ‘Real Force To Overcome’

Trader Notes: Crypto trader BitBull predicts Bitcoin's open interest may reset to the 200k–220k range, a common flush before potential upside. He emphasizes "focus on survival, not overtrading."

Daan Crypto Trades observes that Bitcoin remains range-bound, recommending patience until price action resolves—no rush to trade during chop.

$BTC No need to overcomplicate it. Price still in this same area and until we get a sweep or break of either of the extremes, I'm just sitting back and waiting for this chop to play out. https://t.co/l0P4ctJ7Z0 pic.twitter.com/EgEd1hN9WZ

— Daan Crypto Trades (@DaanCrypto) August 20, 2025

Crypto General leans short-term bearish, eyeing shorts from the red zone with targets near $104,000, though a strong bullish catalyst, such as Fed rate cuts, could shift bias.

More Crypto Online noted Bitcoin's strong trendline is acting as resistance, creating hurdles for bullish momentum.

$BTC: This strong trendline on the weekly timeframe chart seems to make life difficult for the bulls. pic.twitter.com/Klil8GiiVm

— More Crypto Online (@Morecryptoonl) August 20, 2025

Roman Trading points to $112,000 as the key support. With the diagonal uptrend broken, he warns the current market is risky, "too early to long, too late to short."

Read Next:

• Bitcoin, Ethereum, XRP See Most Profit-Taking Since December: A Buy-The-Dip Opportunity?

Image: Shutterstock

Posted In: $AERO $BTC $CFX $DOGE $ETH $OKB $SHIB $SOL $XRP