Bitcoin recovered above $113,000 and is trading at $113,662.23, helping stabilize market sentiment.
Ethereum and major altcoins like Solana, Dogecoin, and Cardano posted strong gains, fueling an altcoin-led rally.
Regulatory optimism from US legislation progress and China’s stablecoin considerations is boosting investor confidence.
Crypto prices today are on an uptrend at press time. The global crypto market cap is up by 0.9% to $3.94 trillion. Bitcoin staged a modest recovery while broader market sentiment remains cautious. Major cryptocurrencies followed Bitcoin’s bull trend. Traders feel optimistic as they digest recent positive regulatory developments and assess market conditions following the August 20, 2025, bearish sentiment.
Bitcoin price shows resilience today. It climbed back above the psychologically important $113,000 level to trade at $113,662.23, marking a 0.09% gain over the past 24 hours. This recovery comes after the leading cryptocurrency touched 17-day lows below $113,000 on August 20. It is triggering what blockchain analytics firm Santiment described to TradingView reporters as ‘ultra bearish’ retail sentiment.
Bitcoin’s current market capitalization stands at $2.26 trillion with a trading volume of $65.06 billion. Technical indicators suggest Bitcoin is attempting to establish support around current levels. Traders are closely monitoring whether the cryptocurrency can sustain momentum above $113,000. The recent dip appears to have triggered profit-taking among retail investors, potentially creating opportunities for longer-term positioned traders.
Ethereum price outperformed Bitcoin today with a solid 2.87% gain, pushing the second-largest cryptocurrency to $4,285.10. This represents a significant recovery from recent lows and brings ETH's market capitalization to $517.24 billion. Daily trading volumes reached $47.09 billion, indicating healthy market participation.
Also Read: Crypto Prices Today: Bitcoin Price Slides to $113,562, Ethereum at $4,166, Solana Gains 0.12%
According to CoinMarketCap data, the broader altcoin market reveals strength, with several major tokens posting notable gains. XRP advanced 0.97% to $2.92, maintaining its position as the third-largest cryptocurrency with a market cap of $173.80 billion. Binance's native token BNB surged 3.35% to $863.79.
Solana led today’s altcoin rally among the top ten tokens with a 3.65% gain to $186.96, while TRON (TRX) gained 1.82% to $0.3546. Dogecoin surprised investors with a 4.44% surge to $0.2221, indicating renewed interest in meme-based cryptocurrencies. Cardano (ADA) also joined the rally with a 2.42% increase to $0.8735.
CoinMarketCap data further shows that stablecoins maintained their stability as expected. Both USDT and USDC showed minimal movement around their $1 pegs. This stability provides market participants with safe haven options during periods of price fluctuations.
Significant regulatory news emerged today that could influence medium-term market direction.
US Crypto Legislation: Wyoming Senator Cynthia Lummis provided crucial updates on the timeline for US cryptocurrency legislation. Lummis stated that the crypto asset market structure bill could reach President Trump's desk ‘before the end of the year’.
Speaking at the Wyoming Blockchain Symposium, Senator Lummis identified Thanksgiving as a potential inflection point for legislative progress. The House-approved Digital Asset Market Clarity (CLARITY) Act from July is expected to serve as the foundation, with Senate modifications anticipated.
"We want to honor as much of the House's work as we can on CLARITY because they had a robust bipartisan vote. CLARITY will probably end up being what we pass, but CLARITY as tweaked by the Senate," Lummis explained. This regulatory clarity timeline provides the cryptocurrency industry with a concrete roadmap for potential policy implementation in 2026.
In a potentially game-changing development, Reuters reported that China may be considering a major shift in its cryptocurrency stance. Sources familiar with the matter suggest Chinese authorities are evaluating the authorization of yuan-backed stablecoins for the first time since the country's comprehensive crypto ban in September 2021. This reported policy consideration aims to promote global use of the Chinese yuan. The potential plan involves using yuan-backed stablecoins for cross-border trade and payments with select countries.
China's State Council is expected to review this roadmap later in August, with Hong Kong and Shanghai identified as priority hubs for potential implementation. The initiative appears designed to counter US progress in the stablecoin sector while expanding yuan internationalization efforts.
Crypto market is up today following what Santiment described as the ‘most bearish sentiment seen on social media’ since June 22, when Middle East conflict fears triggered widespread selling. The analytics firm, according to a TradingView news report, noted that retail traders had ‘done a complete 180’ after Bitcoin's dip below $113,000.
Santiment views this extreme bearish sentiment as potentially bullish for the market. It noted that negative social sentiment often presents opportunities for ‘dip buyers’ when ‘blood in the streets and fear is maximized.’ The firm suggested that retail panic selling could signal an ‘upcoming dip bounce.’
Key support levels remain crucial for major cryptocurrencies, with Bitcoin needing to maintain its position above $113,000 and Ethereum holding above $4,000. Investors should monitor these key technical levels, regulatory developments, and sentiment indicators while maintaining disciplined risk management strategies.
Also Read: Crypto News Today: Yuan-Backed Stablecoins, Kraken’s xStocks on Tron, and Pump.fun’s Memecoin Surge
1. What are the crypto prices today?
As of August 21, 2025, the crypto market shows mixed signals. Bitcoin is trading at $113,662.23 with modest gains, Ethereum has surged 2.87% to $4,285.10, XRP is at $2.92, and Solana climbed to $186.96. Several altcoins, including Dogecoin and Cardano, also posted strong upward moves.
2. What is the Bitcoin price today?
Bitcoin is priced at $113,662.23, marking a recovery after dipping below $113K yesterday. This bounce comes amid what analysts describe as ‘ultra bearish’ retail sentiment. BTC’s market cap stands at $2.26 trillion, with robust daily trading volumes of $65.06 billion.
3. Which is the best cryptocurrency to buy today?
Ethereum, Solana, and Dogecoin are showing strong momentum today, each outperforming Bitcoin in percentage gains. Ethereum remains attractive due to its role in DeFi and NFTs, while Solana continues gaining traction as a high-performance blockchain. However, investors should carefully assess risk before choosing.
4. Why is the crypto market up today?
The market is rebounding from yesterday’s bearish selloff. Analysts suggest that extreme negative sentiment on social media triggered panic selling, creating buying opportunities. Additionally, optimism around US crypto regulation and reports of China’s potential stablecoin shift are boosting investor confidence.
5. Is XRP rising again?
Yes, XRP is up 0.97%, currently trading at $2.92 with a market cap of $173.8 billion. While the gain is modest compared to Solana or Dogecoin, XRP’s steady upward move shows renewed investor interest as it maintains its position as the third-largest cryptocurrency.
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