Cryptocurrency Prices Drop on August 16th: Bitcoin, Ethereum See Losses

The cryptocurrency market experienced significant price fluctuations on August 16, 2025, according to CoinMarketCap data. As of 11:00 AM KST, Bitcoin (BTC) fell by 0.91% to $117,725.68 while Ethereum (ETH) dropped 3.01% to $4,471.57. XRP and Dogecoin also experienced marginal changes in value. Solana and Avalanche witnessed notable declines, while Shiba Inu, Aptos, and Pi saw minor increases. 0.00001297 to $0.00001297. Notably, Mantle (MNT) achieved the highest 24-hour gain among major cryptocurrencies with a surge of 13.63%. Conversely, Arbitrum (ARB) suffered a substantial drop of 8.22% and was one of the biggest losers. Other notable altcoins include Quai Network (QUAI) down 6.14% to $0.04011, and Aleo (ALEO), which rose by 0.98% to $0.2516. CoinMarketCap also reported the recent listing of several new cryptocurrencies: △OnePiece, △Light, △Furo, △Founder, △FTPY TOKEN, △Baby Ethereum, and △RECON.