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Reading: Bitcoin Tanks to 11-Day Low as Nearly $500M Liquidations Sweep the Market
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Mycryptopot > News > Crypto > Bitcoin > Bitcoin Tanks to 11-Day Low as Nearly $500M Liquidations Sweep the Market
Bitcoin

Bitcoin Tanks to 11-Day Low as Nearly $500M Liquidations Sweep the Market

August 20, 2025 3 Min Read
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mycryptopot

Bitcoin’s value had a quiet weekend, however it headed straight south on Monday morning by dropping to an 11-day low of $115,000.

Nearly all altcoins have adopted go well with, with ETH dumping to $4,300, whereas XRP is testing the essential $3 resistance.

mycryptopot

Bitcoin dumped on Thursday and Friday then barely moved at everywhere in the weekend.

US futures markets simply reopened for the week and now $BTC is promoting off once more.

WHO IS DUMPING ON US? pic.twitter.com/8GQ0semVwP

— Satoshi Stacker (@StackerSatoshi) August 18, 2025

The newest correction transpired because the US futures markets reopened, but in addition through the early Asian buying and selling hours. Maybe a big portion of this volatility might be attributed to the most recent developments within the Ukraine-Russia struggle.

As reported on Saturday morning, Trump and Putin failed to succeed in a conclusive deal on how the struggle ought to finish. Nevertheless, the US President stated afterward that there was “large progress on Russia,” and suggested folks to remain tuned.

On Sunday, the POTUS made one other remark, saying that the ball is now in Volodymyr Zelenskyy’s courtroom:

“President Zelenskyy of Ukraine can finish the struggle with Russia nearly instantly, if he needs to, or he can proceed to combat. Keep in mind the way it began. No getting again Obama given Crimea (12 years in the past, with out a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some issues by no means change.”

Recall that the US President is ready to satisfy with European leaders in the present day, together with Ukraine’s Zelenskyy.

mycryptopot

When it comes to BTC value actions, the previous a number of hours have been fairly painful because the asset slumped by over three grand in a fall to an 11-day low of $115,000. It has managed to defend that degree for now, however the transfer south has dragged most altcoins with it.

ETH is down by 3%, XRP has slipped to $3, whereas SOL and DOGE have marked 4-5% day by day declines. LINK is among the many few exceptions, posting one other day by day bounce of 5%.

The full worth of wrecked positions has risen to over $450 million, in accordance with CoinGlass information. Greater than 115,000 merchants have been wrecked day by day, and longs as liable for the lion’s share.

mycryptopot

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Reading: Bitcoin Tanks to 11-Day Low as Nearly $500M Liquidations Sweep the Market
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