Bitcoin (BTC) and Ethereum (ETH) opened the week with remarkable losses, because the two leading cryptocurrencies withdrew from their recent highlights.
According to CryptoSlate’s Data, Bitcoin has fallen by more than 3% over the past 24 hours and slipped from more than $ 118,000 to around $ 115.303 at the time of writing.
Ethereum followed the example and fell around 4% to $ 4,270 to put an end to the recent series of substantial profit.
The wider market reflected this weakness as the top 10 cryptocurrencies per market capitalization, including XRP, Binance Coin (BNB), Solana, Dogecoin and Cardano, each posted on average almost 4%.
In a remark of August 18 for investors, analysts at Matrixport commented on the current position of the market and noticed that BTC’s break under the long-term Downtrend line that had previously offered support was unexpected.
According to the company, this sudden withdrawal can cause Bitcoin prices to test the level of $ 112,000 before the September rate of the US Federal Reserve.
They added:
“Technically, Bitcoin is in the country of No-Man between $ 112,000 and $ 117,292-living traders with two clear strategies: buying strength on an outbreak higher, or waiting to accumulate $ 112,000 closer, which comes first.”
In the meantime, Matrixport emphasized that the Jackson Hole Economic symposium will probably not offer substantial market -moving signals this year, which describes as a more a discussion forum than a catalyst.
As a result, the market would look at the FOMC meeting of 17 September for clearer guidance.
Ethereum traders lose more than $ 200 million
The sudden decline led to a wave of liquidations on crypto markets that did not inform many traders.
Facts From Coinglass indicates that around $ 534 million were liquidated by lifting tree positions, which influenced more than 127,000 traders.
Long positions suffered the most, good for $ 447 million in losses, while short positions contributed around $ 86 million.
Ethereum traders experienced the sharpest blow, with liquidations of a total of $ 212 million, almost double the $ 111 million lost by Bitcoin traders. Solana, XRP and Dogecoin traders also had to deal with considerable losses, with an amount of $ 31 million, $ 18 million and $ 17 million respectively.
Bitcoin -Market data
At the time of press 9:16 am UTC on August 18, 2025Bitcoin is on the market capitalization market and the price is down 2.21% In the last 24 hours. Bitcoin has a market capitalization of $ 2.3 trillion With a trade volume of 24 hours $ 60.08 billion. More information about Bitcoin ›
Summary of the Cryptomarkt
At the time of press 9:16 am UTC on August 18, 2025The total crypto market is appreciated at $ 3.89 trillion With a volume of 24 hours $ 167.73 billion. Bitcoin Dominance is currently up 59.02%. More information about the Cryptomarkt ›