On August 18, the crypto market is experiencing significant price fluctuations and liquidations. The total market cap has fallen to $3.91 trillion.
Market Drivers and Pressures
The cryptocurrency market is undergoing significant fluctuations. Bitcoin, the largest cryptocurrency, declined by 2.12%, dropping to $115,698. After two days of low trading activity, liquidations reached $128 million in long positions, an increase of 1,753%. This led to sell-offs across major assets.
Gainers and Losers of the Day
Despite the overall weakness, some altcoins showed positive dynamics. Chainlink (LINK) rose by 4.79% to $25.71, while OKB increased by 2.9% to $120.34. However, Raydium (RAY) lost 8.35%, trading at $3.41, and Hyperliquid (HYPE) decreased by 6.81% to $43.69.
Broader Market Indicators
The Fear and Greed Index is at 56, indicating market neutrality. The Altcoin Season Index is at 43, suggesting Bitcoin remains the main attraction. The CoinMarketCap 100 Index has dipped by 2.66%, resting at $242.33.
The crypto market is caught between optimism and caution. Investors are awaiting favorable macroeconomic signals, while some altcoins continue to demonstrate strength.
