Bitcoin News Today: Bitcoin Falls Below $110K as Crypto Market Loses 2% in 24 Hours

Generated by AI AgentCoin World
Tuesday, Aug 26, 2025 7:25 am ET2min read
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Aime RobotAime Summary

- Bitcoin fell below $110,000 on August 26, 2025, triggering a 2% crypto market drop and $833M in liquidations.

- Major coins like Solana (-5%), Ethereum (-4%), and FARTCOIN (-13.6%) suffered sharp declines amid whale-driven selling.

- Analysts highlighted a $2.7B BTC whale dump as the catalyst, with Peter Schiff predicting further declines to $75,000.

- Ethereum remains in a bullish channel at $4,418, while Solana's $187.89 price suggests potential for $250 if momentum holds.

The cryptocurrency market experienced a sharp sell-off on August 26, 2025, as

Bitcoin
fell below the key $110,000 support level for the first time since early July. The broader crypto market dropped nearly 2% in the last 24 hours, triggering widespread losses across major digital assets. Bitcoin briefly dipped to $109,300 before bouncing back to trade at $110,329 as of 3:56 a.m. EST, with total trading volume rising 13% to $54.3 billion [1].

Solana (SOL) dropped 5%,

Ethereum
(ETH) fell almost 4%, and
Dogecoin
(DOGE) lost more than 4% in the same period. FARTCOIN was the biggest loser, shedding 13.6%, followed by
Curve DAO Token
(CRV), Virtuals Protocol (VIRTUAL), and
Chainlink
(LINK), which declined 8.2%, 7.8%, and 7.6%, respectively [1]. Over 180,000 traders were liquidated, with total liquidations reaching $833.32 million, according to Coinglass [1].

Bitcoin's breakdown below $110,000 was attributed to a whale unloading 24,000 BTC—valued at $2.7 billion—on Sunday. Analyst Willy Woo noted that BTC’s slow upward movement in this cycle is due to large early holders selling at low costs, requiring significant capital to absorb their supply [1]. The price has also broken below its 50-day SMA at $116,444, and currently hovers near $110,000. The Fibonacci 0.236 retracement at $112,350 acts as immediate resistance, while the 200-day SMA at $100,768 remains a critical support level [1].

If Bitcoin fails to hold above $110,000, it risks sliding toward $105,000 and possibly $99,000, where prior demand zones reside. Peter Schiff, a well-known economist, predicts a potential fall to $75,000 and advises investors to sell now and buy back at lower levels [1]. Conversely,

Tim
Draper remains bullish, maintaining his $250,000 price target and noting that BTC spot ETFs recorded over $219 million in net inflows on August 25 [1].

Ethereum, despite its recent 4% drop, remains within a rising channel pattern and trades at $4,418. The 50-day SMA at $3,836 provides dynamic support, while the 200-day SMA at $2,633 reinforces a long-term bullish bias. RSI at 54.6 suggests healthy momentum, and the price must stay above $3,800 to continue toward $4,800. A breakdown could test $3,200, but the overall bias remains constructive [1].

Solana is trading at $187.89, above both the 50-day and 200-day SMAs, with RSI at 51 indicating neutral momentum. The price has cleared key resistance and could target $250 if the trend continues, with $170 as strong support [1]. REX Financial CEO Greg King highlighted Solana’s potential as a future platform for stablecoins, citing its speed and scalability compared to Ethereum [1].

Dogecoin is consolidating in a symmetrical triangle between $0.25 resistance and $0.20 support, trading at $0.2105. RSI at 45 signals indecision, and a breakout could push it toward $0.30–$0.35, while a breakdown may bring the price down to $0.17 [1].

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Source: [1] Crypto Flash Crashes As Bitcoin Slides Below $110K,

Solana
, Ethereum, Dogecoin Plunge: Market Wrap (https://coinmarketcap.com/community/articles/68ad94d692491e16ebd478fe/)