The cryptocurrency market experienced volatility on August 16th, with Bitcoin seeing a correction after hitting its recent peak. Overall market capitalization declined by 0.82% to $3.97 trillion over the past 24 hours, while trading activity saw a dip of 19.78% to $171.63 billion. Bitcoin’s 24-hour trading volume reached $62.94 billion at a price of $117,737, experiencing a slight decline of 0.32%. Meanwhile, other altcoins like Mantle saw significant gains today, rising 17% to $.32 with high trading volumes exceeding $465.6 million. OKB followed with a 10.96% increase to $102.2, while Flare climbed 8.64% to $0.02423. The Sandbox also advanced 2.20% to $0.2917. However, many altcoins experienced notable losses today: Pump.fun dropped 8.26%, Fartcoin lost 6.35%, and Arbitrum fell 5.85%. Meanwhile, Aerodrome Finance slid 5.40% to $1.33. The broader market sentiment remained neutral despite a decrease in the Fear and Greed Index from 57 to 57, while Altcoin Season Index dropped from 43, indicating Bitcoin dominance in the market. Market sentiment reflects a cautious approach with crypto ETFs experiencing outflows of $73.4 million.