Crypto Price Today (August 22): Bitcoin Hits $116K, ETH Rises to $4750, Volume Spikes

TheCryptoTimesPublished on 2025-08-04Last updated on 2025-08-22

The overall cryptocurrency market experienced a modest surge in the last 24 hours, with a total market value of over $4.05 trillion, with a 3.3% increase. The trading was solid, with an aggregate volume of nearly $161 billion a day, evidence of strong investor involvement despite overall macrocaution. Bitcoin dominance stands steady at 57%, while Ethereum holds about 13.8% of the market share.

Bitcoin (BTC) gained around 3.45% to trade at about $116,585, recovering following a downturn after hitting an all-time high (ATH) of 124K in the second week of August, according to CoinGecko. Ethereum (ETH) climbed nearly 12.1% higher, trading at approximately $4,750.55 on CoinGecko at this time. XRP also gained traction, climbing 4.7% to roughly $3.03 

Crypto Price Performance of Top 10

  1. Bitcoin (BTC)
    Bitcoin is trading at $116,585, registering a 24-hour rise of 3.4%. With a 27% jump in trading volume to $77.04B.
  2. Ethereum (ETH)
    Ethereum is trading at $4,750.86, registering a 24-hour gain of 7.95%. With a 54% jump in trading volume to $59.71B.
  3. XRP (XRP)
    XRP is trading at $3.02, registering a 24-hour rise of 4.40%. With a 74% jump in trading volume to $8.84B.
  4. BNB (BNB)
    BNB is trading at $882.41, marking a 24-hour gain of 2.60%.  With a 13.4% drop in trading volume, standing at $3.04B.
  5. Solana (SOL)
    Solana increased $196.28, registering a 24-hour rise of 3.87%. With a 40% jump in trading volume to $8.34B.
  6. Dogecoin (DOGE)
    Dogecoin increased $0.2360, recording a 24-hour gain of 7.80%. With a 60% jump in trading volume to $3.84B.
  7. TRON (TRX)
    The TRON price increased $0.3636, marking a 24-hour rise of 0.90%, with a jump of 19.67% in the trading volume of $1.35B.
  8. Cardano (ADA)
    Cardano is trading at $0.9276, registering a 24-hour gain of 8.20% with a jump of 67.49% in a trading volume of $2.39B. 
  9. Chainlink (LINK)
    Chainlink is trading at $27.70, recording a 24-hour gain of 6.06%, with a jump of 24% in trading volume $3B.
  10. Hyperliquid (HYPE)
    Hyperliquid (HYPE) trading at $44.21, marking a 24-hour rise of 5.18%, with a jump of 28% in trading volume $309.7B. 

Most Trending Cryptos Today

The top trending coins in the last 24 hours, according to CoinMarketCap, are Bio Protocol (BIO) at $0.2332, which surged by 59.29%; Matchain (MAT) at $1.23, which soared by 95.80%; Aerodrone Finance (AERO) at $1.53, which surged by 16.4%; Sui (SUI) at $3.46, which rose by 6.68%; and SKALE (SKL) at $0.03920, which surged by 28.32%.

Market Sentiment and Institutional Flows

The Fear and Greed Index stands at 46, which indicates a neutral mood in the market. Additionally, with the Altcoin Season Index at 45, it suggests Bitcoin is still ahead in the race. Moreover, the CoinMarketCap 100 Index is indicating a 4.95% rise, reflecting a strong performance.

Crypto Market Overview
Crypto Market Overview: Source: CoinMarketCap

A wave of liquidations swept through the market, hitting leveraged traders hard. 

With Bitcoin reclaiming ground near $116K and Ethereum leading altcoin gains, the market appears to be entering a cautiously optimistic phase. Meanwhile, traders closely monitor macroeconomic signals, but the surge in volumes and the resurgence of institutional players suggest a significant development. The whole focus is on whether Bitcoin will be able to maintain its further upsurge and whether other cryptocurrencies will be able to continue the bullishness.

Also Read: Bitcoin’s 10–15% Drawdowns Signal Market Maturity: Anthony Pompliano

Trending Cryptos

ctr
CitreaCTR
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wrapped stUSDTWSTUSDT
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aPrioriAPR
ctx
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MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
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THORChainRUNE
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Velodrome FinanceVELODROME
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ZRX（0X）ZRX
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What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

572 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

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