The crypto market is definitely doing nicely at this time. Bitcoin is nearer to its all-time excessive than $100k, whereas Ethereum is hovering above $4.5K. And a few are asking, “Why did crypto crash at this time?”
Though, there was some turbulence like hotter-than-expected US PPI knowledge at 3.3% year-over-year which introduced fears of delayed Fed’s fee cuts, the overall crypto market cap remains to be at above $4 trillion.
Bitcoin has fallen by greater than 3% to round $119K, whereas over $860 million in lengthy positions had been liquidated in 24 hours. But, some altcoins confirmed resilience, exhibiting that the bull run is much from over.
(Supply)
Why Did Crypto Crash At present? Nope, Crypto Is Having A Wholesome Correction
Meme tokens dropped by 8%, a giant correction, however capital rotated into resilient alternate options as Bitcoin dominance remains to be beneath 60%. XRP dropped by 6% to $3.1, a wholesome pullback after it ran to its $3.66 ATH. Moreover, its buying and selling quantity additionally jumped by greater than 200% earlier, exhibiting that curiosity in Ripple stays.
XLM, however, went to $0.45, down 5% this previous 7 days week after a 16% achieve final week. Each XLM and XRP are experiencing wholesome corrections.
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Nonetheless, not each coin is experiencing a dip; Ethereum pumped by 2.5% this week to $4,600, boosted by $5.5 billion in July ETF inflows. Including to the purchase strain, there was a giant institutional buys exceeding 2 million ETH since June. With some saying that Ethereum is the brand new Bitcoin.
Solana climbed virtually 5% to $200, which occurred whereas PUMP was sucking a lot of the SOL liquidity. ETF hypothesis, aside from it being a degen paradise, has it aiming for a brand new all-time excessive with a $300 goal.
CRYPTO IS CRASHING!!
Its so apparent that the market manipulators are attempting to liquidate as many individuals as attainable earlier than costs bounce and fly previous their earlier ATH.
they’re attempting to pack their baggage as a lot as attainable earlier than ALTs begin to fly like a hen with 3 wings.… pic.twitter.com/Xw9gNjQexD
— Erik Perez (@erikperez33) August 15, 2025
Cardano bumped by 10% this week to above one greenback mark, though its correcting as nicely. ADA has skilled a 110% nudge in derivatives quantity, and is now concentrating on $1.15.
These all present an rising altcoin season, the place Ethereum’s institutional shopping for, Solana as a degen residence, and Cardano momentum draw flows from Bitcoin.
The subsequent CPI knowledge will doubtless drive a rebound; the dip is a short-term macro strain.
So, why did crypto crash at this time? Properly, at this time is an antic earlier than an even bigger leap.
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SEI Is Outpacing BASE In Crypto Transactions!!
Crypto venture SEI is leaving Coinbase’s Base within the mud, flexing quicker velocity, greater adoptions positive factors, and surging stablecoin flows. Now it’s going through greatest problem but: is it going to smash by the $0.4 resistance wall.
Backed by record-breaking transactions, native USDC development, and DEX quantity highs, SEI’s momentum is plain. Merchants are watching intently because the chart flashes bullish patterns and community fundamentals sign a attainable explosive transfer forward.
Learn the complete story right here.
The submit [LIVE] Why Did Crypto Crash At present? XRP and XLM Falling, ETH, SOL, ADA Skyrocketing appeared first on 99Bitcoins.
