August 19, 2025,
the cryptocurrency market is experiencing some fluctuations.
Market at a Glance:
The overall crypto market capitalization is holding steady, hovering around $3.8-$4.0 trillion, with a slight change over the last 24 hours.
Trading volume has seen a significant decrease in the past day, suggesting a potential cooling of trading activity.
Bitcoin (BTC) dominance remains strong, holding a majority of the total market capitalization.
Bitcoin's price is currently below $116,000, having dipped from recent record highs.
Ethereum (ETH) is also seeing some price volatility.
Key News and Developments:
Thailand is launching an 18-month pilot program to allow tourists to convert crypto into Thai baht for local payments, aiming to boost tourism.
A Japanese fintech firm, JPYC, is set to launch the country's first yen-pegged stablecoin.
Metaplanet Inc. announced a purchase of an additional 775 BTC, bringing its total holdings to over 18,800 coins.
Top Cryptocurrencies:
Bitcoin (BTC) and Ethereum (ETH) continue to lead the market in terms of market cap.
Stablecoins like Tether (USDT) and USDC are holding their value, as expected.
Some altcoins, such as Cartesi (CTSI), OKB, and Marlin (POND), have seen notable price increases in the past 24 hours.