Bitcoin Sinks Below $110K as Market Slide Accelerates
Bitcoin (BTC) slipped to $109,795 late Monday, reversing an earlier rebound attempt at $113,000 and marking a seven-week low. The asset is now down 2.7% on the day and about 7% from Friday’s highs above $117,000 after Powell’s Jackson Hole remarks.
Ethereum (ETH) plunged nearly 8% below $4,400, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) dropped between 6% and 8%.
The downturn sparked close to $700 million in liquidations across crypto derivatives, mostly from leveraged longs, CoinGlass reported. With September historically the weakest month for BTC and ETH, traders face seasonal headwinds.
Version 2 – Analytical, Market Focused
Crypto Slide Deepens: Bitcoin Below $110K, Ether Plunges 8%
The weekend’s recovery rally fizzled Monday as bitcoin (BTC) fell back under $110,000 to $109,795, its lowest since early July. A brief test of $113,000 failed, leaving BTC down nearly 7% from Friday’s post-Fed peak above $117,000.
Altcoins also gave way, with Ethereum (ETH) tumbling 8% under $4,400. Solana, Dogecoin, Cardano, and Chainlink lost 6%–8% over the same period.
CoinGlass data shows nearly $700 million in leveraged positions were liquidated, surpassing Sunday’s flush. Most losses came from overextended longs. Seasonal weakness looms, as September has historically delivered negative returns for BTC and ETH.
Version 3 – Dramatic, Investor Caution
Crypto Rout Worsens as Bitcoin Breaks $110K, Ethereum Tanks
Bitcoin’s fragile rebound collapsed Monday, with prices sliding below $110,000 to $109,795 after rejection at $113,000. The move dragged the largest crypto to a seven-week low, erasing nearly all gains from Powell’s dovish Jackson Hole boost last week.
Ethereum (ETH) plunged 8% beneath $4,400, while Solana, Dogecoin, Cardano, and Chainlink each suffered declines of 6–8%.
The sell-off wiped out nearly $700 million in leveraged trades, mostly bullish longs, according to CoinGlass. History offers little relief: September has been the weakest month for both BTC and ETH on average, signaling further risks ahead.
