In the past 24 hours alone, nearly  $940million worth of crypto positions were liquidated

Crypto Price Update: The cryptocurrency market is facing heavy volatility today as Bitcoin and Ethereum struggle to hold support levels. Bitcoin is currently trading around $110,105, marking a decline of approximately 2.43% from the previous close. During the day, the world’s largest digital asset fluctuated between an intraday high of $112,854 and a low of $108,951. Ethereum is also under pressure, trading near $4,428.77, which represents a decline of 6.20%. Its daily range stretched between $4,725.70 at the peak and $4,330.18 at the low.

The global crypto market capitalization now stands at approximately $3.78 trillion, showing a fall of more than 4.21% in the last 24 hours. Meanwhile, trading activity has surged with the 24-hour volume climbing by more than 15%, reaching nearly $236.67 billion. The decentralized finance segment accounts for $43.17 billion, while stablecoins dominate with nearly 96.82% of total trading volumes. Bitcoin’s market dominance has edged higher to 57.82%, reflecting its resilience despite broader sell-offs. Ethereum, on the other hand, holds a smaller share, with market dominance slipping slightly.

A similar picture is seen across multiple tracking platforms. Some estimates put the global market cap at $3.86 trillion, down 4% in a single day. Daily trading volumes are averaging close to $206 billion, while Bitcoin’s dominance hovers around 56.6% and Ethereum’s share at 13.8%.

Bitcoin Under Pressure

Bitcoin is struggling to maintain momentum after suffering a flash crash over the weekend that wiped out billions in market value. The digital currency briefly touched the $111,500 to $112,700 range as sudden sell-offs hit the market. Analysts point to a significant whale transaction as one of the main triggers. Reports suggest that a whale unloaded nearly $2 billion worth of Bitcoin, pushing the price lower. This sell-off overshadowed any optimism that had emerged following global central bank signals of possible interest rate cuts.

In the past 24 hours alone, nearly $940 million worth of crypto positions were liquidated, with $800 million coming from long positions. This sharp wave of liquidations illustrates the fragility of current sentiment and highlights how leveraged traders are increasingly vulnerable to sudden price moves.

Ethereum Caught in the Storm

Ethereum has been equally affected by the market’s turbulence. From a recent rally above $4,700, the second-largest cryptocurrency has now retreated to the $4,400 range. The correction has unsettled investors who had hoped for a smooth path toward the $5,000 level. Yet despite this setback, Ethereum continues to attract attention from both retail and institutional players.

One major development fueling confidence in Ethereum is the move by a whale investor who recently closed a Bitcoin position worth over $2.6 billion and shifted part of the profit into Ether. The whale secured gains of nearly $33 million and purchased around $108 million worth of Ethereum. Such actions suggest that large investors still view Ethereum as a long-term growth asset, even in a volatile environment.

Institutional Bets on Solana

While Bitcoin and Ethereum dominate headlines, Solana is gaining traction in the institutional market. A group of leading crypto investment firms, including Galaxy Digital, Multicoin Capital, and Jump Crypto, is planning to raise around $1 billion to build a large Solana treasury. This planned accumulation reflects growing confidence in Solana’s ability to compete as a fast and efficient blockchain for decentralized finance and Web3 applications.

The news has provided Solana with a strong narrative, helping it climb past the $200 mark. Investors see Solana as one of the most promising networks for scaling and adoption, particularly given its strong developer ecosystem and expanding partnerships.

Fund Flows Show Market Sentiment

The behavior of crypto exchange-traded products highlights how market sentiment is shifting. In the past week, digital asset funds recorded net outflows of $1.4 billion, reversing earlier inflows. Both Bitcoin and Ethereum products were affected, signaling that some institutional investors are reducing risk exposure. These outflows reflect broader caution in the market as traders react to volatility and reassess risk in the face of large whale transactions and sudden price swings.

Altcoins Gaining Attention

Amid the challenges faced by Bitcoin and Ethereum, several altcoins are showing resilience. Ethereum is still attempting to retest the $5,000 level if momentum returns, while Solana has already crossed $200, adding optimism for altcoin supporters. Beyond the established players, new tokens are also drawing investor interest.

A meme coin called Little Pepe, or LILPEPE, has raised more than $56 million in its presale. The project is built on an Ethereum-compatible layer-2 network and has attracted attention for its anti-bot protection and security audits. Another strong performer is Sei, a layer-1 blockchain that has seen its total value locked in decentralized finance grow from $13 million to $624 million, despite its price still trading near $0.30. Near Protocol is also gaining institutional support, partly due to innovations such as liquid staking. Wall Street Pepe, a meme coin that surged by 600% since June, is now expanding into the Solana ecosystem.

These developments suggest that despite the overall correction, investors are actively searching for growth opportunities in niche projects and newer blockchain ecosystems.

Industry Headlines and Scandals

Outside of pure price action, the industry is buzzing with several important developments. BitMine Immersion Technologies, a major player in digital asset infrastructure, recently increased its Ethereum holdings to over 190,500 ETH, boosting its total crypto and cash reserves to nearly $8.8 billion. However, this accumulation came just before the latest market downturn, raising questions about timing.

A more unusual headline emerged from Canada, where a billionaire heiress reportedly lost more than $80 million in crypto investments after acting on the advice of a psychic. The story highlights the risks of speculation and poor decision-making in a market already filled with uncertainty.

In the traditional finance space, crypto-focused fintech firm Bitpanda, which investor Peter Thiel backs, is rethinking its stock market listing plans. The company has signaled it may avoid listing in London due to low liquidity levels, instead considering New York or Frankfurt for better exposure. This move underlines how traditional and digital markets are increasingly interlinked.

The Road Ahead

As of August 26, 2025, the cryptocurrency market is going through one of its most challenging periods this year. Bitcoin, still the dominant asset, is struggling under the weight of whale sales, liquidations, and cautious institutional sentiment. Ethereum, though corrected, continues to find support from large holders and remains central to decentralized finance and broader blockchain adoption. Solana’s institutional attention shows that investors are also betting on newer ecosystems to capture long-term value.

Altcoins and meme tokens are adding color to the market, proving that speculative interest remains alive. At the same time, industry headlines—from corporate strategies to bizarre scandals—remind observers that crypto remains one of the most dynamic and unpredictable sectors in global finance.

The immediate outlook points to continued volatility. Market participants are watching closely to see if Bitcoin can reclaim higher levels above $112,000 and whether Ethereum can stabilize near $4,500. Institutional inflows, regulatory clarity, and global macroeconomic factors will likely determine the next major move. Despite the turbulence, the long-term growth story for crypto remains underpinned by innovation, adoption, and the belief that digital assets are here to stay.