The crypto market stays beneath stress as Bitcoin slipped beneath $115,000, testing key assist ranges and dragging sentiment decrease. Ethereum additionally fell beneath $4,200, fueling a wave of volatility that led to greater than $400 million in liquidations over the previous 24 hours. As some imagine Bitcoin might revisit $112K, others see this as an opportunity to build up particular altcoins like Chainlink (LINK). Whale 0x4EBD lately withdrew one other 249,808 LINK ($6M) from Binance about 35 minutes in the past, bringing his whole withdrawals to 1,293,757 LINK ($31.15M) over the previous 4 days making LINK the most effective of the altcoins to purchase proper now.
EXPLORE: 20+ Subsequent Crypto to Explode in 2025
ETF flows mirrored the cautious temper. On August 18, Ethereum spot ETFs recorded $197 million in internet outflows, the second-largest in historical past. Bitcoin spot ETFs additionally struggled with $122 million in whole internet outflows, although Bitwise’s BITB was the one one to register internet inflows.
Regardless of the broader pullback, XRP reclaimed the $3 mark, displaying relative energy in comparison with majors. With Bitcoin dominance nonetheless excessive, merchants are awaiting indicators of rotation into promising altcoins.
Whereas volatility is shaking weaker arms, accumulation in initiatives like LINK highlights how selective altcoins might outperform as soon as stability returns.
However what else is occurring in crypto information at the moment? Observe our up-to-date stay protection beneath.
Deja Vu? SEC Kicks Solana, XRP, Fact Social Crypto ETFs Into Lengthy Grass
The U.S. Securities and Change Fee (SEC) has as soon as once more kicked key crypto ETF functions into the lengthy grass, delaying a slate of high-profile filings till October – in a deja vu second for SEC crypto timelines.
In notices filed August 18, the regulator prolonged assessment deadlines for NYSE Arca’s Fact Social Bitcoin-Ethereum ETF to October 8, for 21Shares’ and Bitwise’s Solana funds to October 16, and for the 21Shares Core XRP Belief to October 19.
Are political fears holding again Trump’s crypto ETF?
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The publish [LIVE] Newest Crypto Information, August 19 – Bitcoin Worth Struggles To Maintain $115K, XRP Reclaims $3: Finest Altcoins To Purchase Proper Now? appeared first on 99Bitcoins.
