Latest Crypto News and Market Updates – August 18

1. Bitcoin, Ethereum, Solana Remain Stable

BTC, ETH, and SOL stayed stable over the weekend, all adjusting around the 7-day EMA. Investors should keep an eye on U.S. stock market movements today.

2. Ethereum Faces Withdrawal Pressure

About $3.9B worth of ETH is waiting to be withdrawn from Ethereum PoS, while another $1.16B ETH is pending for staking. This may create short-term selling pressure.

3. Chainlink (LINK) Surges

LINK spiked to $26.5, setting a new local high, driven by reserve fund expectations and on-chain inflows, sparking FOMO sentiment.

4. OKB Hits $132

OKB reached $132 with a circulating market cap of ~$2.4B. After tokenomics changes and system upgrades, X Layer saw a strong memecoin boom.

5. Solv And Bera Lead Altcoins

SOLV introduced a new BTC-based yield model

BERA attracted the community with a high-yield strategy

6. BTC Dominance Declines

Bitcoin dominance dropped to 59.4%, while the altcoin market cap grew 3.06% over the past week.

7. Market Sentiment Remains Greedy

The Fear & Greed Index stands at 60, showing the market is leaning toward “greed” and could see sudden sentiment spikes.

8. Fed Rate Cut Expectations

CME FedWatch Tool indicates an 84.6% chance the FED will cut rates by 25bps in September.

9. Definitive (EDGE) Shows Strong Growth

Definitive (EDGE), a DeFi infrastructure project on Base chain, has rallied for two consecutive months, pushing its market cap above $700M.

10. Key Macro Events This Week

 - FOMC meeting minutes and jobless claims report (Thursday)

 - Fed Chair Jerome Powell speech at Jackson Hole (Friday)

11. Market Trend Summary (AI-Based)

 - BTC and ETH are locked in a “leverage battle” among whales, leading to stronger volatility

 - Short-term pressure comes from recent PPI data

 - Long-term outlook remains positive with selective capital rotation

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.