Crypto rebounds! BTC, ETH, DOGE & XRP surge despite stock market crash
The post Crypto rebounds! BTC, ETH, DOGE & XRP surge despite stock market crash appeared on BitcoinEthereumNews.com.
As equities wobble, crypto is doing the opposite, snapping back from August lows with Bitcoin, Ethereum, Dogecoin, and XRP all catching a bid. This crypto rebounds despite stock market crash narrative is the kind of countertrend move traders love: stocks slip, coins rip, and attention flips back to on-chain risk. Over the past 24 hours, BTC has steadied around the $113k-$115k band, ETH has pushed green, while DOGE and XRP joined the bounce-just as tech-led stock indexes notched another down day. The rebound in detail After a sharp pullback from last week’s highs, major coins rebounded from early-week troughs. BTC stabilized above the $112k sweep and is rotating inside a tight range; ETH flipped higher intraday; DOGE and XRP followed with smaller, but notable gains. The move stands out against the backdrop of equity weakness this week, where the Nasdaq and S&P 500 extended declines. Today’s tape looked like classic crypto vs. stocks decoupling: while risk in equities stayed cautious, crypto flows and sentiment improved from “fear” back toward neutral as prices bounced from support. Why crypto rebounds despite the stock market crash happening now? ETF & institutional flows. Fresh data show digital asset funds attracted ~$3.75B last week, one of the largest weekly inflows on record, with Ethereum leading (≈$2.87B). The flows narrative remains a powerful tailwind, especially on dips. Macro tailwinds. A softer dollar earlier in August helped risk appetite and made USD-denominated assets cheaper for global buyers, even if the greenback is steadier today into Jackson Hole. Jackson Hole will be a repeat of what Powell has said all year. Committed to inflation target, watching weakness in labor market hence outlook remains data dependent. De-risking into a nothing burger and slow grind up after one last flush potentially. Bitcoin and Ethereum all… — McKenna (@Crypto_McKenna) August 20,…
