Weekly Crypto Update: August 11 to August 17

Market Overview

The week ending August 17, 2025, brought sharp corrections across the crypto market. Bitcoin (BTC) briefly touched $124,000 before retracing to $118,000, while Ethereum (ETH) slipped below $4,800 after peaking past $4,700. The correction wiped out more than $100 billion in total market cap within 24 hours, fueled by policy signals, macroeconomic uncertainty, and technical rejections. Altcoin momentum also cooled. Speculation of an altcoin season faded mid-week as Bitcoin dominance climbed to 55%, dragging liquidity away from mid- and small-cap tokens. The TOTAL3 index signaled overbought conditions, with heavy losses in names like XRP and ADA amplifying trader liquidations. Let’s dive into the price moves of this weekly crypto update.

Top Gainers 📈

$ALU (+255%)

• Surged after Kuvi AI acquired Altura.
• Renewed optimism around AI + gaming synergy.
• Fresh liquidity inflows pushed trading volume to new highs.

$OKB (+162%)

• OKX burned $26 billion worth of $OKB.
• Strengthened tokenomics drew investor attention.
• Market priced in long-term supply squeeze.

$EDGE (+152%)

• Entered Coinbase’s top volume list.
• Spike in trading activity boosted visibility.
• Traders piled in, betting on momentum.

$GFAL (+41%)

• Building hype ahead of the global launch of Diamond Dreams.
• Rising community engagement lifted token activity.
• Moderate but steady growth despite market pullback.

$QUBIC (+34%)

• Technical breakout drove bullish sentiment.
• Narrative reinforced by a reported 51% attack on Monero, increasing Qubic chatter.
• Short-term traders capitalized on volatility.

Top Losers 📉

$PUBLIC (-54%)

• Post-listing volatility kept swings extreme.
• Lack of established support zones hurt confidence.
• Heavy profit-taking by early buyers.

$ZKJ (-35%)

• Corrected after prior week’s pump.
• Momentum traders exited positions.
• Weak demand at higher levels.

#0x0 (-31%)

• Struggled with low trading volumes.
• Minimal news flow to sustain hype.
• Gradual decline in liquidity.

$GPU (-30%)

• Descending triangle pattern confirmed bearish pressure.
• Market correction accelerated the breakdown.
• Traders shifted capital to majors.

$ALVA (-22%)

• Long accumulation phase continued.
• No clear bullish catalysts.
• Lost ground as traders rotated elsewhere.

Closing Thoughts

This week’s correction reminded traders that even in a bullish cycle, overheated conditions can reset sharply. The weekly crypto update highlights a market recalibration: Bitcoin reasserted dominance, altcoin hype cooled, and speculative momentum took a hit. Looking forward to this week, the spotlight is on whether BTC can hold $118,000 as support and if ETH can reclaim the $5,000 zone. Sustained strength there could reignite altcoin flows—but failure may deepen the consolidation phase.