Major Crypto Selloff Shakes Markets: Bitcoin Falls Below $115K as Ethereum Tests Support
The cryptocurrency market faces mounting pressure as digital assets experience significant declines. Bitcoin falls below $115K as crypto markets sink $77B, while Ethereum tests $4,100 support levels. This widespread selloff demonstrates the volatile nature of digital asset markets and highlights key technical levels that traders monitor closely.
Bitcoin Price Action Shows Market Weakness
Bitcoin is trading at $115,477, up 1.16 percent in the last 24 hours, though recent sessions have shown considerable volatility. The leading cryptocurrency faced selling pressure that pushed it below the psychological $115,000 level. Market participants watched closely as Bitcoin approached critical support zones.
Technical analysis reveals that Bitcoin’s price movement reflects broader market sentiment shifts. The cryptocurrency’s ability to hold above $115,000 becomes crucial for maintaining bullish momentum. Traders focus on these key levels to determine potential entry and exit points.
Ethereum Selloff Intensifies Below $4,300
Ethereum price prediction for September 2025 turns cautious as ETH trades near $4,297. Holding support at $4,180–$4,200 is key, with upside capped at $4,600–$4,700. The second-largest cryptocurrency by market cap faces significant pressure at these levels.
Ethereum (ETH) dropped 1.6% to $4,522, continuing a choppy week with a slight 7-day decline of 0.2%. This price action suggests that Ethereum struggles to maintain stability above the $4,300 threshold. This performance often sets the tone for altcoin markets.
Layer-2 adoption and staking flows may provide underlying support for Ethereum’s price. However, technical indicators suggest caution as the cryptocurrency navigates current market conditions.
Market Liquidations Reach $900 Million
According to Coinglass data, the volatility in the crypto market led to more than $900 million in liquidations over the past 24 hours. These massive liquidations demonstrate the leveraged nature of cryptocurrency trading. High-leverage positions become vulnerable during rapid price movements.
The liquidation cascade often accelerates price declines as forced selling creates additional downward pressure. Traders using excessive leverage face margin calls when markets move against their positions.
Altcoins Experience Broader Market Pressure
XRP (XRP) is the top loser among majors, falling 2.6% to $3.03. Solana (SOL) and Lido Staked Ether (stETH) slipped 1.6% and 1.7%, respectively. The selloff extends beyond Bitcoin and Ethereum to significantly impact alternative cryptocurrencies.
XRP hit two-month lows, and Dogecoin dropped 10% during the recent market turbulence. These sharp declines indicate that risk-off sentiment affects the entire cryptocurrency ecosystem. Smaller market cap coins often experience amplified volatility during market stress.
Technical Analysis Reveals Key Support Levels
MACD signals bearish momentum, though Layer-2 adoption and staking flows may help stabilize demand. Technical indicators provide insights into potential price direction and market momentum. Traders rely on these signals to make informed decisions.
Technical analysis reveals key support levels ahead for major cryptocurrencies. These support zones become critical battlegrounds between buyers and sellers. Breaking below support often triggers additional selling pressure.
Market Recovery Prospects Remain Uncertain
“A short-term rally toward $114,000 is likely, but the broader bias leans toward bearish continuation.” This assessment reflects the mixed sentiment among market analysts. Recovery depends on various factors, including institutional adoption and regulatory developments.
Market participants monitor macroeconomic conditions that influence cryptocurrency prices. Federal Reserve policy decisions and traditional market performance often correlate with crypto market movements. The relationship between traditional finance and digital assets continues evolving.
Conclusion
The current cryptocurrency market selloff highlights the inherent volatility of digital assets. Bitcoin’s struggle below $115,000 and Ethereum’s test of $4,200 support demonstrate critical price levels. Traders should exercise caution and implement risk management strategies during these volatile periods.
