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The cryptocurrency market faced turbulence over the weekend, with total market capitalization dropping by $42 billion in 24 hours, underscoring investor caution. At one point, losses reached nearly $98 billion before partial recovery, highlighting fragile sentiment.
Bitcoin (BTC) swung sharply, falling from its post-Powell rally high of $116,900 to around $112,500 after a whale reportedly sold 24,000 BTC. In contrast, Ethereum (ETH) defied the broader decline, reaching an all-time high as long-term holders took profits.
- Market cap falls by $42B: The crypto market slipped 2.2% over the weekend, erasing Powell-driven gains.
- Bitcoin flash crash: BTC plunged after a large sell-off, despite optimism around September Fed rate cuts.
- Ethereum records ATH: ETH climbed to a record level, though whales cashed out millions in long-held holdings.
- Fear and Greed Index at 50: Sentiment remains fragile, rising slightly from fear but not yet in bullish territory.
The total crypto market capitalization fell by $42 billion in the past 24 hours, marking a 2.2% weekend drop. Analysts point to a mix of regulatory uncertainty and macroeconomic pressures, including tariff-driven inflation concerns. While Fed Chair Jerome Powell’s dovish tone at Jackson Hole temporarily boosted prices, markets quickly reversed course.
Bitcoin briefly spiked nearly 4% after Powell’s remarks, climbing from $112,500 to $116,900. However, momentum evaporated as a whale unloaded 24,000 BTC, triggering a flash crash back toward $113,000. Options market data show hedging activity remains high, signaling caution despite expectations for a September rate cut.
Ethereum emerged as the weekend’s outlier, hitting a new all-time high despite broader declines. Ethereum has set a new all-time high, surpassing $4,930. However, the price has since corrected and is now trading around $4,717. The move reflects strong market volatility as some investors take profits after the surge.

ETH price dynamics (August 2025). Source: TradingView
On-chain data revealed profit-taking by long-term holders, including one address that transferred 1,962 ETH worth $4.7 million to OKX after holding for 11 years. Still, ETH’s resilience highlights growing institutional and retail demand.
The Fear and Greed Index climbed from 44 to 50, indicating a modest recovery from fear to neutral. Analysts warn, however, that fragile confidence could be tested again this week depending on macroeconomic data and regulatory developments.
The crypto market remains caught between optimism over potential Fed rate cuts and anxiety over whale activity and macroeconomic uncertainty. With Bitcoin under pressure and Ethereum reaching new highs, traders face a volatile landscape where sentiment shifts rapidly. The coming weeks will reveal whether September’s policy decisions can stabilize markets or deepen the current divide.
We also reported that Ethereum price rises 0.97% as anticipation builds for upcoming EIP-7702 upgrade aimed at enhancing wallet security.