Crypto Rally Stalls: Bitcoin Drops Below $110K, Ethereum Nosedives 8%

Bitcoin Slips Below $110K Again as Altcoins Join Market Retreat

Crypto markets struggled to regain footing Monday, with most tokens sliding back toward weekend lows.

Bitcoin (BTC) fell to $109,795 late in the U.S. session, slipping under the key $110,000 level and touching its weakest point since early July. A brief rally attempt at $113,000 was quickly rejected, leaving the asset down 2.7% on the day and nearly 7% off highs near $117,000 set after Fed Chair Jerome Powell’s dovish Jackson Hole remarks last week.

Ethereum’s ether (ETH) tumbled 8% below $4,400, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) posted losses between 6% and 8%.

The downturn triggered nearly $700 million in liquidations across crypto derivatives markets, with the majority stemming from leveraged long bets, CoinGlass data shows. Weak seasonality adds to the headwinds: September has historically been the worst-performing month for BTC and ETH.

Version 2 – Market Analysis Angle

Crypto Rally Stalls: Bitcoin Tests $110K, Ether Crashes 8%

Hopes for a swift recovery from the weekend’s flash crash evaporated Monday as bitcoin’s rebound faltered and major altcoins tumbled.

Bitcoin (BTC) sank below $110,000, hitting $109,795 after its rally attempt at $113,000 was firmly rejected. The seven-week low leaves BTC down more than 7% from Friday’s post-Jackson Hole peak above $117,000.

Altcoins joined the slide, with Ethereum (ETH) losing nearly 8% under $4,400. Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) shed 6%–8%.

Derivatives traders bore the brunt of the downturn. CoinGlass data shows almost $700 million in positions were liquidated, topping Sunday’s flush. Over $600 million of those losses came from longs caught on the wrong side of the move.

Seasonal pressures may worsen sentiment: September has historically delivered negative average returns for both BTC and ETH.

Version 3 – Dramatic Tone

Crypto Sell-Off Deepens: Bitcoin Breaks $110K, Ethereum Tanks

The post-crash rebound investors were hoping for never materialized. Instead, crypto markets buckled again late Monday, sending both bitcoin and altcoins to fresh lows.

Bitcoin (BTC) plunged beneath $110,000, bottoming near $109,795 in a sharp reversal from its failed push above $113,000. The drop marks BTC’s lowest point in seven weeks, leaving it nearly 7% below the highs touched after Powell’s dovish Jackson Hole remarks.

Ethereum (ETH) led losses among major altcoins with an 8% decline under $4,400. Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) all slid between 6% and 8%.

The rout liquidated close to $700 million in leveraged positions, the bulk from overextended longs, according to CoinGlass. Adding to investor unease, historical data shows September has been the weakest month for BTC and ETH on record.