Crypto Markets Rebound Ahead of Trump Meeting

Crypto markets experienced a modest rebound on August 18, led by Bitcoin's rise above $64,000. The total crypto market capitalization increased to around $2.19 trillion, with Aave (AAVE) emerging as one of the strongest large-cap altcoins, gaining approximately 4%.

The cautious trading atmosphere is largely attributed to investors waiting for stronger catalysts before taking larger positions. The Federal Reserve's policy signals, fresh ETF flow data, and US crypto legislation developments are all being closely watched.

Derivatives activity surged ahead of President Donald Trump's upcoming meeting with crypto executives, with total crypto derivatives volume jumping from around $68 billion on August 17 to $149 billion on August 18. Open interest also climbed to approximately $122 billion, its highest level since June 2.