Bitcoin Tumbles Back Below $110K as Crypto Bounce Fails, Ether Plunges 8%
Hopes for a quick reversal from the weekend crypto plunge faltered on Monday with bitcoin BTC$109,991.09 slipping all the way back below $110,000, just barely ahead of its then-euphoric price of $109,400 touched ahead of President Trump's Jan. 20 inauguration.
The largest crypto's recovery attempt was quickly rejected at $113,000 during the U.S. session, and it fell precipitously to a seven-week low, CoinDesk price data shows. Recently, BTC traded at $109,700, down 2.7% over the past 24 hours and lower by about 7% since soaring above $117,000 in wake of Fed Chair Jay Powell's dovish Friday Jackson Hole speech.
While major altcoins held up relatively well during the Sunday crash, they succumbed to the market weakness on Monday. Ethereum's ether (ETH) plummeted nearly 8% over the past 24 hours below $4,400. Solana's SOL (SOL), dogecoin DOGE$0.2095, Cardano ADA$0.8412, Chainlink LINK$23.35 also declined 6%-8%.
Today's price swing liquidated nearly $700 million in leveraged trading positions across all crypto derivatives, surpassing the Sunday flush, CoinGlass data shows. Some $627 million of the liquidated trades were longs anticipating higher prices.
What may further spook traders is weak seasonality as the end of August nears. September has brought historically the weakest returns for BTC and ETH with 3.77% and 6.42% losses on average for the month, respectively, per CoinGlass data.
UPDATE (Aug. 25, 20:28 UTC): Adds liquidation data by CoinGlass.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How AI-Driven Education is Reshaping Workforce Readiness and Unlocking High-Growth Opportunities in the Digital Economy
- The One Solana Scholarship combines AI and blockchain to democratize high-growth education, accelerating global workforce reskilling amid AI-driven automation. - Solana's 83% developer growth (2025) and $500K+ FDI in Argentina highlight its economic impact through AI-powered micro-grants and tokenized credential verification. - Institutional adoption, including the first U.S. crypto staking ETF (SSK) and $1B+ in liquidity from Galaxy/Multicoin, validates the program's role in bridging education to Web3 e
BMNR's Ethereum Accumulation: A Macro-Driven Catalyst for Institutional Adoption and Ethereum's Price Trajectory
- BitMine Immersion (BMNR) becomes largest institutional Ethereum holder with 1.71M ETH ($7.9B), reshaping supply dynamics through aggressive accumulation. - BMNR's "mNAV flywheel" model accelerates NAV growth by 640% via ATM stock offerings and ETH staking, outpacing MicroStrategy's Bitcoin strategy. - Ethereum's 4.9% circulating supply control creates "sovereign put" effect, stabilizing prices while CLARITY Act legitimizes ETH as utility token with $33B ETF inflows. - Institutional backing from ARK Inves
Behavioral Finance and the Reflection Effect: Navigating FETH's Volatility Through Investor Psychology
- Fidelity's Ethereum ETP (FETH) demonstrates the reflection effect in investor behavior, showing risk-seeking during losses and risk-averse during gains. - FETH's simplified structure amplifies sentiment-driven flows, creating volatility cycles as investors react emotionally to market swings. - Asset allocators exploit these patterns through counter-cyclical strategies, leveraging regulatory credibility and low fees to capitalize on behavioral mispricings. - Institutional adoption and weekly trading patte
PARTI +63320% in 1 Year Amidst Volatility and Strong Recovery
- PARTI fell 86.53% in 24 hours but surged 63320% over the past year, showing extreme volatility and strong recovery. - Short-term declines highlight sensitivity to market dynamics, while long-term gains reflect resilience and accumulation by holders. - Analysts attribute the rebound to positive sentiment, technical indicators, and buyers capitalizing on volatility.
Trending news
MoreCrypto prices
More
