Bitcoin, Ethereum, XRP, Dogecoin Struggle, But Traders Say It's 'Just Another Healthy Retest'

Khyathi Dalal

August 22, 2025

Cryptocurrency markets are slightly down on Friday morning ahead of Fed Chair Jerome Powell‘s speech at Jackson Hole.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$112,611
Ethereum	(CRYPTO: ETH)	$4,305
Solana	(CRYPTO: SOL)	$181.72
XRP	(CRYPTO: XRP)	$2.85
Dogecoin	(CRYPTO: DOGE)	$0.2153
Shiba Inu	(CRYPTO: SHIB)	$0.00001234

Notable Statistics:

Coinglass data shows 81,748 traders were liquidated in the past 24 hours for $240.55 million.
SoSoValue data shows net outflows of $194 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $287 million.
In the past 24 hours, top gainers include OKB (CRYPTO: OKB), Morpho (CRYPTO: MORPHO) and Monero (CRYPTO: XMR).

Notable Developments:

Ethereum Consolidates Below $4,300: Is $5,000 Or $4,000 Next?
Bitcoin Will ‘Come Back Alive Again’ In September, Says Anthony Pompliano: ‘$113,000 Is Pretty Oversold’
Ethereum’s Strength Against Bitcoin Is Real But Beware A September Pullback, Analyst Warns
Trump’s Pardon Frees Arthur Hayes To Pursue Stem Cell Enterprises And Bitcoin Treasuries
Gemini’s Winklevoss Twins Donate $21 Million In Bitcoin To Trump-Leaning PAC To Support US Crypto Leadership

Trader Notes: Cryptos Batman highlighted that while many are calling a cycle top, a broader look at the 4-hour chart shows this is simply a healthy Bitcoin retest.

Altcoin Sherpa views Bitcoin as shaky in the short term but expects a bounce soon, marking $110,000–$112,000 as key support zones.

$BTC looking iffy in the short term. I still think that a bounce is coming somewhat soon but watching closely. 110k-112k is the area of interest https://t.co/FD5PMj3o5R pic.twitter.com/QMAQ85eJY0
— Altcoin Sherpa (@AltcoinSherpa) August 21, 2025

ShardiB2 observed Bitcoin attempting to reverse from support.

There it is… $BTC trying to reverse on support pic.twitter.com/0EOIcwtUAx
— Don't follow Shardi B If You Hate Money (@ShardiB2) August 21, 2025

CW noted that Bitcoin remains in a bullish zone but cautioned that the full bull market has yet to begin. IncomeSharks added that Bitcoin is still range-bound, and a support break followed by a quick reversal would not be surprising.

$BTC – Still in the new range. Wouldn't even be surprised to see a support break either that reverses fairly quickly. pic.twitter.com/FkWtpBdoLI
— IncomeSharks (@IncomeSharks) August 21, 2025

Read Next:

If Bitcoin Treasury Companies Are Buying Billions, Why Is The Price Not Going Up?

Image: Shutterstock

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