The crypto market is having one of those really rough days that makes everyone nervous. Bitcoin just dropped below $110,000, which is a pretty big deal because that was supposed to be a strong support level. Now it’s trading around $109,925, down about 2.7% today and almost 8% for the week.
Bitcoin has spent less than ~3 days at this price level. It’s healthy to revisit and spend some time here.
We’re entering the weakest month for BTC seasonally, which is followed by its (historically) two best months.
Go outside, touch grass, breathe, enjoy life. pic.twitter.com/PAOxz1Xqqw
— Joe Consorti ⚡️ (@JoeConsorti) August 25, 2025
When Bitcoin starts falling like this, it usually takes everything else down with it, and that’s exactly what happened. Ethereum got hit hard, dropping 6.8% to around $4,418, even though it’s still up for the week. Solana took an even bigger beating with a 10% drop to $188, which really stings after all the good news about that network lately.
The meme coins are getting absolutely destroyed right now. Dogecoin is down almost 9% to about $0.21, and it’s been falling for the whole week. Even some of the more “serious” altcoins like Cardano and XRP are bleeding, with both dropping around 4-8% today.
What’s really scary is the liquidation numbers. Over $935 million got wiped out in just 24 hours, with more than 205,000 traders getting their positions closed automatically. That’s a lot of people who probably weren’t expecting to lose money this fast.
The big question now is whether Bitcoin can hold above $110,000 or if we’re going to see an even bigger drop.
Conclusion
This crypto crash shows how quickly things can change in digital asset markets. Traders are watching key support levels to see if the bleeding continues.
Also Read: Crypto Market Shows Mixed Signals
