Key Reasons Behind BTC, ETH and Altcoin Slide
The post Key Reasons Behind BTC, ETH and Altcoin Slide appeared on BitcoinEthereumNews.com.
Key Insights: Crypto market cap fell by $71B as uncertainty around peace talks triggered broad sell-offs Liquidations increased after sharp rallies, pressuring leveraged positions and altcoins Reduced odds of a U.S. rate cut in September added to bearish momentum Crypto prices dropped sharply today as global risk sentiment weakened. Ongoing peace discussions involving Trump, Zelensky, and EU leaders created market-wide uncertainty. The mixed expectations around a possible Russia-Ukraine peace deal introduced geopolitical instability. Investors pulled back from high-risk assets, driving BTC, ETH, and altcoins lower. In parallel, updated U.S. PPI data lowered expectations for a Federal Reserve rate cut in September. Odds dropped from 100% to 84.8%, putting additional pressure on digital assets. Liquidations Intensify Market Downturn Ethereum jumped over 50% in two weeks, while many altcoins rallied up to 100%. These rapid gains led to a spike in high-leverage long positions. As price momentum faded, exchanges began liquidating these positions, accelerating the downturn. This flush-out triggered forced selling, contributing to broader market losses. The total crypto market cap fell by $71 billion in 24 hours, now at $3.85 trillion. Traders are watching the $3.81 trillion level as the next major support zone. BTC Holds Support, Traders Watch Technical Levels Bitcoin dropped to $114,723 but remained above its key $114,000 support level. A sustained breakdown could push the price toward $112k. Source : CoinMarketCap The Relative Strength Index dipped below 50, signaling bearish momentum. Weakness across altcoins confirmed growing downside pressure across the broader market. If Bitcoin rebounds from current levels, a move to $118k remains possible. A breakout could flip resistance into support and reopen the path toward $120,000. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/analysis/crypto-dumps-5-10-key-reasons-behind/
Filed under: News - @ August 18, 2025 2:28 pm