Why Is Crypto Down Today? – August 12, 2025
Main Idea
The crypto market experienced a downturn on August 12, 2025, with key factors including US CPI data, Federal Reserve decisions, and concerns over Bitcoin centralization by BlackRock and MicroStrategy influencing market movements.
Key Points
1. The cryptocurrency market capitalization decreased by 2.5% to $4.04 trillion, with most top 100 coins turning red; BTC fell below $122,000, while ETH remained stable at $4,292.
2. US ETH ETFs saw a record-breaking $1.02 billion in inflows, while US BTC spot ETFs recorded $178.15 million in inflows, with BlackRock leading the inflows.
3. Alice Liu, Head of Research at CoinMarketCap, highlighted three US-related factors heavily impacting crypto: economic data/Fed decisions, Donald Trump-related news, and CPI data, which could trigger Bitcoin's next all-time high.
4. Concerns over Bitcoin centralization by BlackRock and MicroStrategy were noted, with Metaplanet increasing its BTC holdings to 18,113 BTC as part of its long-term investment plan.
5. Market sentiment dropped slightly, with ETH outperforming BTC in weekly and monthly gains, and traders anticipating volatility due to CPI data and derivatives activity.
Description
The crypto market is down today, with about 10 coins staying in green over the past 24 hours. In this time, the cryptocurrency market capitalization has decreased by 2.5%, now standing at $4.04 trillion. At the same time, the total crypto trading volume is at $168 billion. TLDR: Crypto market shifted gears, with most of the top 100 coins turning red; BTC decreased below $122,000 and ETH stood unchanged, trading at $118,947 and $4,292, respectively; US ETH ETFs saw a record-breaking $1.02 billion...
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