--- title: "Bitcoin, Ethereum, Dogecoin Gain, XRP Dips as Crypto Remains in 'Fear'—Analyst Says BTC in 'End Stage' of Bear Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/296053301.md" description: "Cryptocurrencies like Bitcoin and Ethereum gained slightly on August 16, while XRP dipped, as markets digested U.S.-Iran tensions. The crypto market remains in 'Fear' sentiment with smart money turning extremely bearish. Analyst Michaël van de Poppe suggests Bitcoin is in the end stage of a bear market, characterized by low liquidity. Meanwhile, Ethereum network activity surged, indicating potential user adoption growth." datetime: "2026-08-17T02:23:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296053301.md) - [en](https://longbridge.com/en/news/296053301.md) - [zh-HK](https://longbridge.com/zh-HK/news/296053301.md) generator: "portal-rs" --- # Bitcoin, Ethereum, Dogecoin Gain, XRP Dips as Crypto Remains in 'Fear'—Analyst Says BTC in 'End Stage' of Bear Market Leading cryptocurrencies gained overnight on Sunday while markets digested the continuing U.S.–Iran impasse over ending the war. | **Cryptocurrency** | **24-Hour Gains +/-** | **Price (Recorded at 9:25 p.m. EDT)** | | ------------------------------------ | --------------------- | ------------------------------------- | | **Bitcoin** (CRYPTO: BTC) | +0.26% | $63,119.16 | | **Ethereum** (CRYPTO: ETH) | +0.73% | $1,893.34 | | **XRP** (CRYPTO: XRP)             | -0.36% | $0.9971 | | **Solana** (CRYPTO: SOL)             | -0.30% | $75.11 | | **Dogecoin** (CRYPTO: DOGE)    | +0.56% | $0.06996 | ## **Crypto** Bulls Not Yet Sprinting **Bitcoin** wavered between $62,650 and $63,300 amid subdued price action, while trading volume rose 3% over the last 24 hours. **Ethereum** gained momentum later in the evening, accompanied by a 30% surge in volume, but the $1,900 level remained out of reach. Over $80 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders losing nearly $50 million, according to Coinglass data. Bitcoin’s open interest fell 0.29% over the last 24 hours. Smart money sentiment, which refers to the collective outlook  and capital allocation of institutional investors, turned “extremely bearish.” “Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index. **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap>$100 M)** **Gains +/-** **Price (Recorded at 9:25 p.m. EDT)** **Bitway** (BTW)       +28.29%     $0.3914 **Velvet** (VELVET)     +22.37%     $1.02 **Cap** (CAP)          +13.70%     $0.07097 The global cryptocurrency market capitalization stood at $2.17 trillion, reflecting a marginal 0.01% decline over 24 hours. **Read Also: Ethereum, Solana Could Turn Scarcer Than Gold By 2031: Here's the Math to Prove It** ## Dow Futures Slip Stock futures traded mixed overnight on Sunday. The **Dow Jones Industrial Average Futures** fell 24 points, or 0.04%, as of 8:45 p.m. EDT.  Futures tied to the **S&P 500** gained0.06%, while **Nasdaq 100 Futures** added 0.17%. Iranian officials have reportedly stated there has been “absolutely no progress” on reviving the interim peace deal with the U.S. as shipping traffic through the Strait of Hormuz came to a grinding halt. President **Donald Trump** said earlier this month that the U.S. is “only semi-negotiating” with Tehran. Meanwhile, Treasury Secretary **Scott Bessent** said on Friday theU.S. plans fresh measures “next week,” calling them unmatched in the history of economic isolation. This week, investors will focus on the Federal Reserve’s minutes from its July policy meeting, due Wednesday, for clearer signals on the path of monetary policy. ## End Stage of Bear Market? **Michaël van de Poppe**, popular chartist and cryptocurrency commentator, said Bitcoin and altcoins are in the “end stage of a bear market,” marked by low liquidity and volume that could continue for 1-2 months. “For traders, the ranges are narrow, and the trading liquidity will likely come the moment the trend comes back into Bitcoin, just a matter of time,” the analyst projected. > End stage of a bear market is often combined with the fact that there's low liquidity and low volume. > > Those are both in the charts on #Bitcoin and many #Altcoins. > > It could last 1-2 months, however, there are two important indications: > > 1\. For traders, the ranges are narrow and… > > — Michaël van de Poppe (@CryptoMichNL) August 16, 2026 **Ali Martinez**, a widely followed cryptocurrency analyst and trader, highlighted a sharp jump in Ethereum’s network activity, with new daily addresses rising from 121,000 to 212,000 within a week. “Network growth is one of the strongest on-chain indicators of user adoption, and sustained increases have historically preceded major price rallies,” Martinez stated. > ETHEREUM NETWORK GROWTH ACCELERATES > > New daily $ETH addresses have surged from 121,210 on August 8 to 212,560 today. > > Network growth is one of the strongest on-chain indicators of user adoption, and sustained increases have historically preceded major price rallies. https://t.co/1Mk3vzKLl4 pic.twitter.com/o7nimJv6qs > > — Ali Charts (@alicharts) August 16, 2026 **Read Also: Crypto Bear Market Shows ‘Attributes of a Real Bottom’ With Wall Street Behind It, Bitwise's Matt Hougan Says** *Photo Courtesy: vinnstock on Shutterstock.com* ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md) - [GDOG.US](https://longbridge.com/en/quote/GDOG.US.md) - [XRP.US](https://longbridge.com/en/quote/XRP.US.md) - [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md) - [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [TDOG.US](https://longbridge.com/en/quote/TDOG.US.md) - [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [TXXD.US](https://longbridge.com/en/quote/TXXD.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md) - [SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal](https://longbridge.com/en/news/296643740.md) - [Bitcoin Custody for Institutional Clients Is Coming to Citi Later This Year](https://longbridge.com/en/news/296259278.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**