Bitcoin Tumbles Back Below $110K as Crypto Bounce Fails, Ether Plunges 8%
Most cryptos have taken out their Sunday flash crash lows late in the U.S. session on Monday.
Updated Aug 25, 2025, 8:35 p.m. Published Aug 25, 2025, 8:22 p.m.
Hopes for a quick reversal from the weekend crypto plunge faltered on Monday with bitcoin BTC$110,791.11 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$0.2171, Cardano ADA$0.8636, Chainlink LINK$24.15 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.
Krisztian Sandor
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
More For You
XRP Futures Set Open Interest Record at CME, With $3.70 Eyed Next
Derivative milestone comes as spot XRP weathers sharp $2.96–$2.84 swing on 217 million volume and institutional flows step back in.
What to know:
- CME Group’s crypto futures suite has surpassed $30 billion in notional open interest, with SOL and XRP futures each crossing $1 billion.
- XRP became the fastest contract to reach $1 billion in notional open interest, achieving this milestone in just over three months.
- Despite regulatory pressures in the U.S., corporate adoption and pilot remittance programs keep XRP in focus, with institutional flows supporting its price action.
