The crypto market sees a slight rebound but remains bearish, with meme coins leading the altcoin market drop, while the three major US stock indices close flat.

BlockBeats News, August 19th: The crypto market saw a slight rebound but remained in a downtrend. According to HTX market data, Ethereum rose above $4,300 last night, currently trading at $4,314. Bitcoin rebounded this morning to above $116,000, now priced at $116,246. The total cryptocurrency market capitalization fell to $4.005 trillion, with a 24-hour decrease of 1.7%. The three major U.S. stock indexes closed near flat, with the S&P 500 down 0.01%, the Nasdaq up 0.03%, and the Dow down 0.08%. Intel fell by 3.66%, but rose by 5.37% after-hours as SoftBank Group signed a $2 billion investment agreement with Intel.

The altcoin market generally fell, with fan tokens leading the decline. Among them:

ASR down 14.4% in the last 24 hours;

CYBER down 10% in the last 24 hours;

INJ down 8.26% in the last 24 hours;

PROVE down 7.7% in the last 24 hours;

MOVR down 7.74% in the last 24 hours.

In the U.S. stock crypto sector, there were mixed gains and losses, including:

Crypto exchange platform Bullish (BLSH) down 8.87% with a trading volume of $579 million;

Circle (CRCL) down 5.15% with a trading volume of $1.258 billion;

Coinbase (COIN) up 1% with a trading volume of $2.795 billion;

MicroStrategy (MSTR) down 0.74% with a trading volume of $3.27 billion;

SharpLink Gaming (SBET) up 1.36% with a trading volume of $888 million;

Bitmine Immersion (BMNR) down 5.09% with a trading volume of $2.646 billion;

BTCS up significantly by 10.43% with a trading volume of $25 million;

BNB Network Company (BNC) down significantly by 10.86% with a trading volume of $12.3 million.

Notably, BNB Network Company (BNC) announced an increase in its holdings by 125,000 BNB; BTCS announced a one-time blockchain dividend to shareholders in ETH form, with a maximum reward of $0.4 per share.