The cryptocurrency market is witnessing a downturn on August 20, 2025, with major cryptocurrencies experiencing notable losses. Ethereum (ETH) has decreased by 4.79%, dropping below $4,100, while Bitcoin (BTC) has fallen 2.69%, slipping under $113,000. The PayFi sector, previously showing strength, has crashed by 5.65%, with XRP and Telcoin leading the declines. Despite the overall negative sentiment, some tokens like OKB and Mantle have managed to post gains, offering a glimmer of positivity in an otherwise bearish market. The market's current trajectory highlights the volatility and rapid shifts characteristic of the digital asset landscape.