Ethereum News Today: Crypto Market Tumbles 3.85% as Fed Rate Hopes Dampen on Surging PPI

Generated by AI AgentCoin World
Friday, Aug 15, 2025 12:13 am ET1min read
Aime RobotAime Summary

- Surging U.S. PPI data on August 15, 2025, triggered crypto market declines as Fed rate cut hopes faded, with Bitcoin dropping 3.85% below $119,000 and Ethereum falling 2.43%.

- XRP and meme tokens like PEPE suffered sharp losses amid regulatory scrutiny, while SKALE bucked the trend with a 48% surge, highlighting market divergence.

- PEPE's $1.4B 24-hour volume and RSI rebound signaled potential buyer interest, though a 30-day 1.95% loss suggested accumulation by large holders ahead of possible breakouts.

- The market remains pivotal as investors weigh Fed policy outcomes, with strong macroeconomic data risking prolonged bearish trends while softer readings could revive altcoin demand.

The cryptocurrency market experienced a broad decline on August 15, 2025, as the U.S. Producer Price Index (PPI) for July exceeded expectations, tempering optimism around a potential September Federal Reserve rate cut [1]. The data fueled concerns about prolonged high interest rates, prompting a sell-off across major digital assets.

Bitcoin
dropped 3.85% to below $119,000, while
Ethereum
(ETH) fell 2.43%, briefly slipping under $4,500 before a partial rebound [1].
XRP
also suffered, trading at $3.12 after a 6.4% decline in the past 24 hours, amid regulatory scrutiny and heightened volatility [1].

Meme tokens were among the hardest hit, with the sector dropping 8.62% as tokens such as PEPE, SPX6900, and Fartcoin each lost over 10% in value [1]. Despite the broader downturn,

SKALE
managed a rare positive performance, surging nearly 48% [1]. The uneven market response highlights the growing divergence in investor sentiment and the varying degrees of exposure among different asset classes to macroeconomic developments [1].

PEPE, in particular, attracted attention with a 24-hour trading volume of $1.4 billion, equivalent to 28% of its circulating market cap [2]. This surge coincided with Ethereum’s move toward $5,000 and was seen as a positive sign for meme tokens and ERC-20 assets more broadly [2]. However, the token’s 30-day loss of 1.95% suggests that large holders may be accumulating ahead of a potential breakout [2]. Technical indicators also showed a rebound from a key support level, with the RSI rising above the midpoint as trading volumes increased, signaling potential buyer interest [2]. A break above $0.00001500 could lead to a 194% rally, with a potential target at $0.000035 [2].

The market remains at a pivotal moment as investors assess the likelihood of delayed Fed rate cuts. A continued stream of strong macroeconomic data could extend the bearish trend, while a return to softer readings could reinvigorate risk appetite and spark renewed interest in altcoins and Ethereum-based tokens [2].

Source:

[1] Cryptonews, [https://cryptonews.com/news/live-crypto-news-today-latest-updates-for-august-15-2025/](https://cryptonews.com/news/live-crypto-news-today-latest-updates-for-august-15-2025/)

[2] Cryptonews, [https://cryptonews.com/news/pepe-price-prediction-pepe-explodes-with-ethereum-rally-is-this-the-first-step-toward-a-100x-run/](https://cryptonews.com/news/pepe-price-prediction-pepe-explodes-with-ethereum-rally-is-this-the-first-step-toward-a-100x-run/)