Bitcoin Retreats Below $110K as Market Slump Widens
Crypto markets extended losses Monday, with bitcoin (BTC) dropping to $109,795 after a failed attempt to reclaim $113,000. The seven-week low leaves BTC down 2.7% in the past 24 hours and nearly 7% off last week’s highs above $117,000 following Powell’s Jackson Hole remarks.
Ethereum’s ether (ETH) slid 8% to below $4,400, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) fell 6–8%.
The pullback triggered almost $700 million in liquidations across derivatives markets, most from leveraged longs, according to CoinGlass. Seasonal weakness may add pressure, as September has historically been the poorest month for BTC and ETH.
Version 2 – Analytical Tone
Crypto Reversal Fails: Bitcoin Slumps Under $110K, Ether Sinks 8%
The weekend’s rebound in digital assets unraveled Monday as selling pressure returned. Bitcoin (BTC) fell to $109,795 after stalling at $113,000, marking a sharp rejection and its lowest level since early July. BTC is now down roughly 7% from Friday’s peak near $117,000.
Altcoins followed the decline, led by Ethereum (ETH), which plunged nearly 8% under $4,400. Solana, Dogecoin, Cardano, and Chainlink also shed between 6% and 8%.
CoinGlass data shows nearly $700 million in liquidations across crypto derivatives, surpassing Sunday’s flush. The majority came from long positions betting on higher prices. Weak historical seasonality heading into September further clouds the outlook.
Version 3 – More Dramatic
Crypto Slump Deepens as Bitcoin Crashes Below $110K, Ether Tumbles
Another wave of selling hit digital assets Monday, wiping out hopes of a sustained rebound from the weekend crash.
Bitcoin (BTC) plunged beneath $110,000, touching $109,795 after failing to break through resistance at $113,000. The retreat to a seven-week low leaves the asset down almost 7% from its post-Jackson Hole highs.
Ethereum (ETH) slid 8% below $4,400, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) dropped between 6% and 8%.
The sharp move liquidated close to $700 million in derivatives trades — mostly overleveraged longs — according to CoinGlass. With September historically the weakest month for BTC and ETH, sentiment could deteriorate further.
