OKB Hits ATH, YZY Plunges Earlier than Powell’s Jackson Gap Speech

OKB soared to a brand new all-time excessive (ATH), Kanye West’s YZY token plummeted, and Bitcoin dropped beneath $113K forward of Fed Chair Jerome Powell’s Jackson Gap Speech later at the moment.

OKB led gainers with a 16% surge to commerce at $218 as of 4:15 a.m. EST, the place it additionally touched a brand new ATH at $255.50.

Amongst different high gainers, Zcash (ZEC) jumped 9.8%, GateToken (GT) climbed 5.6%, and KuCoin Token (KCS) rose 3.2%.

In the meantime, the Bitcoin worth tumbled a fraction of a p.c to commerce at $112,837 forward of Powell’s doubtlessly pivotal speech. Traders might be watching carefully for alerts on whether or not the Fed is making ready to chop charges in September or stays involved about inflation.

OKB Soars To ATH As Broader Market Dips With Impartial Sentiment

OKB has reached a brand new all-time excessive at round $229, with Fibonacci retracements indicating key assist at $200 and resistance at $236.

The 50-day and 200-day Easy Transferring Averages (SMAs) stay bullish, and the RSI at 59.17 displays sturdy however cooling momentum.

If consumers preserve the worth above $200, OKB might goal $294. A robust assist zone lies at $171.

The crypto house total fell a fraction of a p.c within the final 24 hours to a market capitalization of $3.85 trillion, whereas meme cash fell 2%.

The largest losers amongst main cryptos have been Pump.enjoyable (PUMP), Tezos (XTZ), and Official Trump (TRUMP), with falls of three.7%, 3.2%, and a couple of.9%, respectively.

This comes because the Worry and Greed Index remained on the impartial stage of fifty, down sharply from 60 final week.

The falling market led to complete liquidations of $224 million, in line with Coinglass.

Kanye West’s YZY Token Plummets 45% After Launch

YZY MONEY, a token linked to rapper Kanye West (aka Ye), plummeted 45% within the final 24 hours to commerce at $0.6523.

The token soared initially to succeed in a market cap of $3 billion after it was promoted on Kanye West’s X account. However its subsequent collapse appeared to verify issues that it could be a rugpull.

Whereas controversial influencer Andrew Tate is sitting on an unrealized revenue of $41K and 13 different wallets pocketed over $1 million every from the token, 1000’s of traders have been left with losses. Just six addresses, seemingly insiders, management a whopping 90%, in line with BubbleMaps information.

An on-chain sleuth by the pseudonymous title Dethective linked one of many wallets that sniped the YZY token to a different set of wallets behind the LIBRA token, including to suspicions across the token.

5/ A recap

That is what they extracted up to now with:
• Inside data
• Huge capital

Virtually 23M, now sitting on Kamino or already on Binance pic.twitter.com/oP1XzyfgwC

— dethective (@dethective) August 21, 2025

Bitcoin Drops Beneath $113k Forward Of Powell’s Jackson Gap Speech

Bitcoin is down over 3% within the final week after hitting an ATH of over $124K on Aug. 14. 

Huge day at the moment! Fed Chair Jerome Powell will converse on the Jackson Gap occasion at the moment at 4pm CEST / 10am ET.

Powell has been below strain from Trump to carry rates of interest decrease, whereas he is getting blended alerts from financial information.

A struggling job market would encourage the Fed… pic.twitter.com/e4NDPIVL74

— Jelle (@CryptoJelleNL) August 22, 2025

Momentum Indicators Again Bullish Sentiment

The weekly BTC/USD chart reveals that the Bitcoin worth has dropped beneath the $113k stage. Nonetheless, the rising channel sample has held sturdy because the 2022-2023 bear lows round $15K-$20K.

The 50-day Easy Transferring Common (SMA) at $93,893 acts as assist, which has been a key catalyst in pushing the worth of BTC up.

In the meantime, the Relative Power Index (RSI) at 58.24 is impartial however dropping down, suggesting that sellers could also be gaining some momentum to push BTC again to the $107,500 resistance turned assist.

Within the brief time period, traders are anticipating resistance at $120,000, as a result of if BTC worth breaks it, $150,000 is possible.

Conversely, if at the moment’s speech turns hawkish, Bitcoin might dump to the $94,000 assist.

Regardless of the bullish outlook, spot Bitcoin exchange-traded funds (ETFs) have posted their longest run of outflows in over 4 months at about $1.17 billion, in line with SoSoValue information.

ProCap CEO Anthony Pompliano says that Bitcoin has reached oversold ranges, suggesting it could be prepared for a rally.

ProCap CEO Anthony Pompliano says Bitcoin’s drawdown reveals maturation of the asset and thinks it’s an excellent signal for $BTC in the long term. pic.twitter.com/IjPkv02uoG

— Crypto Aman (@cryptoamanclub) August 22, 2025

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