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CoinCatch Market Daily Report (August 15, 2025)
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2025-08-15 | 10m
On August 15, Bitcoin fell 2.02% over the last 24h, underperforming the broader crypto market (-2.1%); Ethereum fell 2.53% over the last 24h, contrasting with its 18.5% weekly gain. The latest PPI print showed annual headline inflation at 3.3%, well above the 2.5% forecast and the 2.3% reading from the previous month. MetaMask is likely to announce details of its stablecoin mUSD, which is pegged to the US dollar, soon (possibly as early as this week). Circle announced on Tuesday that it would sell 10 million shares at the current market price, raising approximately $1.4 billion.
Crypto Market Overview
BTC (-2.11% | Current Price: 119,283.66 USDT)
Bitcoin continued its decline below $119,000 today, reaching a low of $117,254. The sell-off is primarily driven by profit-taking after the record high and cautious macro outlook amid hotter-than-expected PPI data (July: +0.9% MoM, +3.3% YoY), raising uncertainty around Fed policy. RSI hovering near 50 (neutral), while MACD shows fading bullish momentum on hourly charts. Key moving averages: 100-hour SMA at $122,000 acts as overhead resistance; 20-day EMA ($118,673) provides immediate dynamic support. On August 14, BTC ETFs saw a net outflow of $292.9 million, with $113.5 million flowing out Fidelity’s FBTC.
ETH (-2.53% | Current Price: 4657.43 USDT)
Ethereum retreated after hitting $4,779 on August 14, nearing its 2021 all-time high of $4,878. Technical indicators showed overbought conditions (RSI 14-day: 70.59), prompting traders to secure gains.Historical patterns show ETH often consolidates after rapid surges – it rallied 47% in 30 days before this dip. The Fibonacci 23.6% retracement level at $4,390 now acts as critical support. A sustained break above $4,788 (swing high) could renew bullish momentum, while losing $4,390 might signal deeper correction. On August 14, ETH ETFs recorded a net daily inflow of $119.9 million, including $56.4 million into Fidelity’s FETH.
Altcoins
As of August 15, 2025, the cryptocurrency market's Fear & Greed Index stood at 59, a significant drop of 15 points from the previous day, sliding from the "greed" range into the neutral zone (50th-75th percentile). This reading indicates a significant cooling of market sentiment, with investors shifting from short-term optimism to a cautious wait-and-see approach, though not yet in a state of panic.
Macro Data
On August 14, the S&P 500 gained 0.03% to 6,468.54, the Dow Jones gained 0.02% to 44,911.26, while the Nasdaq dropped 0.01% to 21,710.67. As of 7:00 AM (UTC), spot gold was trading at $3,341.97 per ounce, up 0.12% in 24 hours.
Trending Tokens
GORK New XAI gork (+16.56%, Circulating Market Cap: $11.77 Million)
GORK is trading at $0.01171, with a 24-hour increase of approximately 16.56%. New XAI Gork (GORK) is a community-driven meme coin built on Base, Ethereum’s layer-2 blockchain, leveraging low fees and fast transactions while tapping into AI-themed narratives. GORK is designed as a lighthearted, speculative asset within the Base ecosystem, targeting traders seeking low-cost meme coin exposure. Unlike utility-focused tokens, its value hinges on community engagement and viral trends rather than technical use cases. The “XAI” in its name nods to AI-driven narratives, though no concrete AI functionality exists yet. The Altcoin Season Index jumped 36% this week to 45, signaling growing risk appetite. However, Bitcoin dominance remains elevated at 58.63%, limiting altcoin upside. GORK’s low market cap ($11.7M) makes it hypersensitive to shifts in altcoin sentiment. While the index rise helped fuel gains, the broader market’s -2.56% drop shows fragile liquidity that could reverse flows abruptly.
SKL Skale (+12.5%, Circulating Market Cap: $275.37 Million)
SKL is trading at $0.04636, with a 24-hour increase of approximately 12.5%. SKALE is a blockchain network designed to power decentralized applications (dApps) with zero gas fees, high performance, and limitless scalability. SKALE operates as a network of EVM compatible, interconnected Layer 1 blockchains, referred to as SKALE Chains.
SKL’s 14-day RSI hit 87.58 on August 14, far above the 70 threshold indicating overbought conditions. The MACD histogram (+0.00217) shows bullish momentum but at historically elevated levels. SKALE’s August 13 integration with It Remains – a transmedia franchise using SKL’s gas-free blockchain for interactive AR/VR experiences – drove a 170% weekly surge. Despite cooling, residual speculation persists. The partnership validated SKALE’s niche in high-throughput entertainment apps, attracting developers and users. DappRadar reports 3.9M unique wallets on SKALE chains in 30 days (+23% MoM). Sustained user growth metrics post-launch; failure to retain engagement could amplify sell pressure.
ALPINE Alpine F1 Team Fan Token (+4.58%, Circulating Market Cap: $25.93 Million)
ALPINE is trading at $1.38, up approximately 4.58% in the past 24 hours. Alpine F1 Team Fan Token (ALPINE) is the first Formula One-themed fan token by Binance — the world's biggest and most popular cryptocurrency exchange. After Binance released its first fan token in LAZIO, the ALPINE token will give fans of the Alpine F1 Team a chance to engage with the racing brand. Binance promises that the token will "revolutionize the fan experience" by allowing fans to: Participate in team voting polls; Hunt digital collectibles and purchase NFTs; Enjoy gamification features tied to fan rewards or great experiences. ALPINE’s rally reflects technical momentum amplified by altcoin rotation and community-driven liquidity. However, thinning volume (-67%) and neutral market-wide sentiment (Fear & Greed Index 59) suggest cautious optimism.
Market Insights
Bitcoin, Ethereum Fall as PPI Shock Squashes Hopes for Jumbo Rate Cut
The latest PPI print showed annual headline inflation at 3.3%, well above the 2.5% forecast and the 2.3% reading from the previous month. This is the largest monthly rise in US PPI since June 2022. The stronger price pressures stand in stark contrast to cooler July Consumer Price Index (CPI) data on Tuesday, which outlined headline inflation holding at 2.7% year-over-year and core CPI at 3.1%, reinforcing a bullish case for risk assets at the time.
While CPI data fueled optimism for a near-term interest rate cut, the hotter PPI release complicates that narrative. Higher-than-expected producer prices signal persistent inflationary pressures, potentially forcing the Federal Reserve to delay monetary easing. For Bitcoin, this could limit upside momentum in the short term.
Data from CME FedWatch still points to a 90.5% probability of a 0.25% rate cut on Sept. 17, although it’s notable that the likelihood had spiked to 99.8% on Wednesday.
Crypto Wallet MetaMask May Release Details of Stablecoin mUSD This Week
On August 14, CoinDesk revealed that MetaMask is likely to announce details of its stablecoin mUSD, which is pegged to the US dollar, soon (possibly as early as this week). The stablecoin mUSD was previously disclosed in a pre-released governance proposal, which was quickly deleted last week. MetaMask said it has more than 30 million monthly active users and is currently issuing its stablecoin with the help of Bridge. Bridge is a company that helps companies integrate stablecoin payment channels. It was acquired by fintech giant Stripe earlier this year and is committed to helping companies integrate stablecoin payment channels and the stablecoin issuance protocol M^0. The person familiar with the matter said that in addition to working closely with Bridge on the mUSD stablecoin, MetaMask has also sought the help of traditional financial alternative asset management company Blackstone Group to provide custody and fund management services for its tokens.
Circle Executives Cashed out, Selling Early After a 349% Surge in Stock Price.
While investors were still scrambling to buy into this week's hot cryptocurrency IPOs, executives at stablecoin issuer Circle (CRCL.N) were already urgently reaping the company's astonishing gains since its IPO. Circle announced on Tuesday that it would sell 10 million shares at the current market price (2 million from the company and the remainder from shareholders, including CEO Jeremy Allaire), raising approximately $1.4 billion. According to sources familiar with the matter, the two-day placement was oversubscribed and expected to be priced Thursday. The company, which went public in early June, has seen its stock surge 349% year-to-date, following strong quarterly results earlier this week. The sale occurred much earlier than expected, just two months after Circle's IPO and well before the end of the year's lockup period. However, JPMorgan Chase, the lead underwriter for the IPO and the arbitrator of the lockup waiver, did not block the sell-off. Joseph Schuster, founder of Chicago-based IPO research firm IPOX, said: "This is legitimate hedging, shifting risk to the public market."
The US SEC Has Postponed Its Decision on Bitwise and 21Shares' Solana ETF Proposals Until October 16th
According to The Block, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to approve the Solana exchange-traded fund (ETF) proposal. The SEC stated in its filing that the next deadline for the Bitwise Solana ETF and the 21Shares Core Solana ETF is October 16th. Both filings stated, "The Commission believes that a longer period for issuing orders approving or disapproving the proposed rule change is appropriate to allow the Commission ample time to consider the proposed rule change and the issues raised therein." Solana ETF proposals are making progress as companies amended their filings last month to seek SEC approval. Companies including Proshares, Grayscale, Canary, and 21Shares are awaiting SEC approval.
Reference:
CoinMarketCap. (n.d.). CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a). Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b). Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a). USA Indices.
https://investing.com/indices/usa-indices
Investing.com. (n.d.-b). XAU/USD.
https://investing.com/currencies/xau-usd
GoldPrice.org. (n.d.).
Spot gold price today. Retrieved August 11, 2025, from
https://goldprice.org/spot-gold.html
Odaily Planet Daily. (2025, August 12).
Is the protocol fee cut-off imminent? Uniswap introduces DUNA architecture to strengthen DAO compliance. Odaily News.
https://www.odaily.news/en/post/5205640
TradingView. (2025, August 14)
Bitcoin sell-off intensifies after hot US inflation report rattles stocks, crypto.
https://www.tradingview.com/news/cointelegraph:46aa9a1ff094b:0-bitcoin-sell-off-intensifies-after-hot-us-inflation-report-rattles-stocks-crypto/
The Block. (2025, August 14)
US SEC delays decision on Solana ETF proposals from Bitwise and 21Shares to October.
https://www.theblock.co/post/367070/us-sec-delays-decision-on-solana-etf-proposals-from-bitwise-and-21shares-to-october
Panewslab. (August 14)
Insider: Crypto wallet MetaMask may release details of stablecoin mUSD this week.
https://www.panewslab.com/en/articles/e1459036-e6d6-4c58-a796-3c958fa03e24
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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