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CoinCatch Market Daily Report (August 18, 2025)
Beginner
2025-08-18 | 10m
On August 18, Bitcoin fell 2.32% over the last 24h, underperforming the broader crypto market (-2.1%); Ethereum fell 4.35% over the last 24h, underperforming Bitcoin (-2%) and the broader crypto market (-2.9%). Meanwhile, South Korea's Financial Services Commission (FSC) is expected to submit its stablecoin regulation bill to the country's legislative body in October; Tether consolidates its position as an unavoidable giant in the stablecoin sector. With 165.25 billion dollars in capitalization, the USDT added 730 million additional tokens in just one week; Spot Bitcoin and Ether ETFs recorded their largest week ever, reaching nearly $40 billion in trading volume, according to Bloomberg senior ETF analyst Eric Balchunas on X.
Crypto Market Overview
BTC (-2.35% | Current Price: 115,293.00 USDT)
Bitcoin continued its decline below $116,000 today, reaching a low of $114,972. Bitcoin failed to hold the $118,200 support (50% Fibonacci retracement level) and dipped below its 30-day SMA ($117,384). The MACD histogram turned negative (-85.32), signaling weakening momentum. Analysts highlighted similarities to Bitcoin’s 2021 bull trap, where a false breakout led to a 55% crash. BTC’s rejection from $124,457 (Aug 14) mirrored this pattern. On August 15, BTC ETFs saw a net outflow of $14.1 million, with $14.4 million flowing out BlackRock's IBIT.
ETH (-4.53% | Current Price: 4270.22 USDT)
ETH briefly dipped below $4,500 (down 1.35%) in the morning, then accelerated its decline, falling through $4,400 (down 3.70%) and $4,300 in the afternoon, hitting a low of $4,309, extending its intraday losses to over 5%. ETH fell below 23.6% Fibonacci support level ($4,450) and the key pivot point ($4,483), triggering a chain reaction of liquidations, putting approximately $1.19 billion in long positions at risk. Better-than-expected US inflation data dampened expectations of aggressive Federal Reserve rate cuts, while geopolitical risks (including the impasse in US-Russia negotiations) exacerbated risk aversion, driving funds into traditional assets like gold. On August 15, ETH ETFs recorded a net daily outflow of $59.3 million, including a $338.1 million inflow of BlackRock's ETHA and a 272.2 million outflow of Fidelity’s FETH.
Altcoins
The Crypto Fear and Greed Index recently hit 56, signaling a 'greed' sentiment in the crypto market, which reflects increased risk appetite and optimism among investors.
Macro Data
On August 15, the S&P 500 dropped 0.29% to 6,449.80, the Dow Jones gained 0.08% to 44,946.12, while the Nasdaq dropped 0.4% to 21,622.98. As of 8:15 AM (UTC), spot gold was trading at $3346.34 per ounce, up 0.34% in 24 hours.
Trending Tokens
WAVES Waves (+4.17%, Circulating Market Cap: $155.23 Million)
WAVES is trading at $1.30, with a 24-hour increase of approximately 4.17%. Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and
smart contracts. Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.
WAVES broke above its 200-day moving average ($1.22) and the Fibonacci 23.6% retracement level ($1.30), with RSI at 62.2 (neutral-bullish). The MACD histogram turned positive (+0.014) for the first time in August. The $1.30 level historically acted as resistance (tested in June/July 2025). A sustained hold above it could trigger algorithmic buying and short squeezes. However, the 200-day MA now becomes support, a failure to hold it might invite profit-taking.
PORTO FC Porto Fan Token (+4.53%, Circulating Market Cap: $14.53 Million)
PORTO is trading at $1.30, with a 24-hour increase of approximately 4.53%. FC Porto Fan Token (PORTO) is a fan token on the BEP-20 network. As a Binance fan token utility token, PORTO is designed to reward fans of FC Porto, a well-known football team that competes in the Portuguese Premier League. PORTO’s rally reflects fanbase optimism and technical tailwinds, but low liquidity amplifies risks. While club updates provide narrative fuel, the token’s 62.67% 60-day gain raises questions about sustainability. Monitor $1.27 as critical support to see if trading volume rebounds to confirm bullish momentum, or will profit-taking reverse gains.
SKATE Skate (+4.12%, Circulating Market Cap: $9.11 Million)
SKATE is trading at $0.04529, up approximately 4.12% in the past 24 hours. Skate is a multi-VM infrastructure project that enables any decentralized application to run seamlessly across multiple blockchains, including both EVM and alternative VMs. It also provides native access to VM-specific applications on other chains—for example, allowing EVM apps to operate directly within SVM or MOVE environments. Skate’s 24h gain reflects strategic protocol developments rather than market-wide tailwinds. The combination of impending buybacks, staking incentives, and cross-chain utility positions SKATE as a high-beta play in the interoperability sector.
Market Insights
South Korea’s Financial Regulator to Submit Stablecoin Regulation Bill in October
South Korea's Financial Services Commission (FSC) is expected to submit its stablecoin regulation bill to the country's legislative body in October.
According to local news outlet MoneyToday, Ruling Party lawmaker Park Min-kyu said Monday at a stablecoin-related discussion that he has received a report from the FSC containing such a plan.
The bill will establish requirements for stablecoin issuance, collateral management, and internal risk control systems, and is expected to be incorporated into the country's second digital asset legal framework that is currently under development.
The country's recently elected President Lee Jae Myung has pledged to establish an active local currency-pegged stablecoin market to strengthen its monetary sovereignty in the age of digital finance. Local banks and payment firms have followed suit, applying for stablecoin trademarks and preparing services that use digital currency.
Tether Reaches 165 Billion on a 273 Billion Market
Tether consolidates its position as an unavoidable giant in the stablecoin sector. With 165.25 billion dollars in capitalization, the USDT added 730 million additional tokens in just one week. This weekly growth of 0.44% and monthly growth of 2.93% reflect an institutional and retail demand that remains strong. This remarkable performance is explained by Tether’s central role in the crypto ecosystem. Traders use it as a “reserve currency” for their operations, institutions use it for cross-border transfers, and DeFi protocols make it their reference asset. Its exceptional liquidity and presence on all major exchanges reinforce this dominant position.
Circle’s USDC firmly holds the second spot with 66.8 billion dollars. Its growth of 3.56% over seven days and 7.56% over a month shows positive momentum, even if the gap with Tether remains considerable. Circle bets on transparency and regulatory compliance to attract institutions.
Ether ETFs Record $17B Volume While BMNR Adds 135K ETH
Spot Bitcoin and Ether ETFs recorded their largest week ever, reaching nearly $40 billion in trading volume, according to Bloomberg senior ETF analyst Eric Balchunas on X. The surge placed these funds among the top five U.S. ETFs and top ten stocks by volume. Ether ETFs contributed $17 billion in total, setting their own record for weekly activity. Balchunas described the figure as “massive,” comparing it to benchmark equity volumes.
The Bloomberg chart he posted illustrated ETF flows from early 2024 through August 2025. Trading activity showed divided peaks in March 2024 but achieved consistent growth throughout 2025, culminating in the record-breaking week. The highlighted bar on the chart crossed $40 billion, thus showing the scale of institutional and retail participation in crypto-linked funds.
Nate Geraci, president of ETF Store, confirmed Ether ETFs recorded their largest day of net inflows on Monday, totaling $1.01 billion. Across the first two weeks of August, Ether ETFs attracted over $3 billion in net inflows, marking their second-strongest monthly showing to date.
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/
GoldPrice.org. (n.d.).
Spot gold price today. Retrieved August 11, 2025, from
https://goldprice.org/spot-gold.html
The Block. (n.d.).
South korea stablecoin bill october. Retrieved from
https://www.theblock.co/post/367203/south-korea-stablecoin-bill-october?utm_source=rss&utm_medium=rss
Cointribune. (n.d.).
Tether reaches 165 billion on a 273 billion market. Retrieved from
https://www.cointribune.com/en/tether-reaches-165-billion-on-a-273-billion-market/
CoinMarketCap. (n.d.).
Ether ETFs Record $17B Volume While BMNR Adds 135K ETH. Retrieved from
https://coinmarketcap.com/community/articles/68a2e0d3c5c06c674880b26f/
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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