Your day-ahead look for Aug. 19, 2025
What to know:
You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what’s expected during the coming day. Crypto Daybook Americas will arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you’re not already subscribed, click here. You won’t want to start your day without it.
Market Overview
Bitcoin remains under pressure, hovering around $115,244.11 after losing its bullish trendline from April lows with minimal downside at $114,600. The latest data from Glassnode indicates a 1.0% increase in supply held by first-time buyers, bringing the total to 4.93 million BTC.
The supply controlled by conviction buyers—investors poised to hold for the long term—rose by 10% to 1.03 million BTC. However, new selling pressure came from loss sellers who increased to 87,000 BTC, representing a 37.8% surge, indicating a potential cooling off in investment enthusiasm.
Ethereum Update
Ethereum is retracing to test a crucial resistance point near $4,100. “Ethereum lost more than 12% from its peak, seriously aiming to test the previous resistance area, which has limited price growth since March 2024,” says Alex Kuptsikevich.
Looking ahead, the crypto market along with Nasdaq indicates some interim weakness within an ongoing bullish trend. Observers note that Bitcoin, Ethereum, and Solana have recently shown oversold signals on the Relative Strength Index (RSI), which could translate to buying opportunities despite the caution advised.
What to Watch
Crypto Events:
- Aug. 20, 1 p.m.: Hedera plans an upgrade to version 0.64 with expected short service interruptions.
- Aug. 20: Qubic’s first yearly halving event as part of its adaptive burn initiative.
- Strategy & Earnings: Observations and predictions on market movements and macroeconomic factors influencing crypto values remain a focus for investors.
Stay alert for emerging trends and shifts in investor behavior.
