Ether is on track to experience a loss of over 20% in August, while bitcoin is facing its fourth weekly loss in the last five weeks, according to CNBC Crypto World. The downward trend in both cryptocurrencies has investors on edge as they closely monitor the market. Despite the losses, market analysts remain hopeful that the crypto market will bounce back in the near future. The volatility in the market serves as a reminder to investors to proceed with caution and stay informed about the latest developments in the world of cryptocurrency.