Bitcoin News Today: Crypto Market Holds Steady Amid Powell and Trump Events, Bitcoin Dips 0.72%

The cryptocurrency market moved with caution on August 22, 2025, as traders braced for comments from Federal Reserve Chair Jerome Powell and the potential for a significant political announcement from Donald Trump. Bitcoin dipped 0.72% to $113,064, while Ethereum rose 0.45% to $4,328. The total crypto market capitalization fell to $4.07 trillion, a 0.52% decline, according to Cryptorank. Spot trading volume remained robust at $64.04 billion, but the broader altcoin market mirrored Bitcoin’s downward trend, with XRP and BNB dropping between 1% and 3%. Solana was a rare exception, posting modest gains [1].

The Fear & Greed Index settled at 50, indicating a neutral sentiment among traders. In the past 24 hours, $224 million in liquidations were recorded, signaling a relatively stable but watchful market environment. Smaller tokens saw sharper movements, with Netvrk rising 88% and OVR climbing 11%. Meanwhile, tokens like CAKE and LUNC faced declines [1].

Analyst 0xNobler has drawn comparisons between the current market and the 2020–2021 cycle, noting a period of accumulation followed by a potential sharp rally. He claimed to have turned $450 into $210,000 in 2021 by focusing on low-cap tokens and suggested a similar pattern could emerge in September 2025. Nobler predicted that altcoins could see gains as high as 250x, urging traders to prepare for an impending altseason [1].

Meanwhile, analyst Gordon raised speculation that Trump was set to make a “HUGE announcement” later on August 22, shortly after Powell’s speech. Though the content of the announcement remains undisclosed, Gordon suggested it could have a significant impact on the crypto market, potentially triggering volatility. The timing of the political event immediately after the Fed’s economic outlook has heightened trader vigilance, with many preparing for sharp price swings [1].

The sequence of events—Powell’s monetary policy remarks followed by Trump’s expected political statement—has created a layered environment of uncertainty for traders. The market is currently pricing in an 85.2% chance of a September rate cut, according to futures data. While the Fed has maintained a data-dependent stance, the increased probability of easing has already begun to influence asset prices [2].

As the market digests both economic and political signals, the interplay between Fed policy and political developments continues to shape sentiment. The crypto market remains in a holding pattern, waiting for clearer direction from both Washington and Wall Street before committing to a more definitive trend [1].

Source:

[1] Powell signals 90% September rate cut chance as Trump trade deals boost markets (https://www.ainvest.com/news/powell-signals-90-september-rate-cut-chance-trump-trade-deals-boost-markets-2508)

[2] Treasuries Move Sharply Higher In Reaction To Powell Speech (https://www.rttnews.com/3568506/treasuries-move-sharply-higher-in-reaction-to-powell-speech.aspx)