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[LIVE] Crypto News Today: Latest Updates for August 15, 2025 – Crypto Market Slumps on Hot US PPI, XRP Drops 6%, ETH Tests $4.5K

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Follow up to the hour updates on what is happening in crypto today, August 15. Market movements, crypto news, and more!

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Jai Pratap

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Jun 2023

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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Last updated:

August 15, 2025

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The crypto market saw broad declines over the past 24 hours after US July PPI data came in hotter than expected, dampening hopes for a September rate cut. Meme tokens led the sell-off with an 8.62% drop, as PEPE, SPX6900, and Fartcoin plunged over 10% each. Ethereum fell 2.43%, briefly slipping under $4,500 before rebounding, while Bitcoin dropped 3.85% to below $119,000. XRP is also trading at $3.12, down 6.4% in the past 24 hours. Losses extended across sectors, though SKALE surged nearly 48% in a rare upside move.

But what else is happening in crypto news today? Follow our up-to-date live coverage below.