Guy Fawkes 
The crypto market is actually doing well today. Bitcoin is closer to its all-time high than $100k, while Ethereum is hovering above $4.5K. And some are asking, “Why did crypto crash today?”
Although, there was some turbulence like hotter-than-expected US PPI data at 3.3% year-over-year which brought fears of delayed Fed’s rate cuts, the total crypto market cap is still at above $4 trillion.
Bitcoin has fallen by more than 3% to around $119K, while over $860 million in long positions were liquidated in 24 hours. Yet, some altcoins showed resilience, showing that the bull run is far from over.
(Source)
Why Did Crypto Crash Today? Nope, Crypto Is Having A Healthy Correction
Meme tokens dropped by 8%, a big correction, but capital rotated into resilient alternatives as Bitcoin dominance is still under 60%. XRP dropped by 6% to $3.1, a healthy pullback after it ran to its $3.66 ATH. Besides, its trading volume also jumped by more than 200% earlier, showing that interest in Ripple remains.
XLM, on the other hand, went to $0.45, down 5% this past 7 days week after a 16% gain last week. Both XLM and XRP are experiencing healthy corrections.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
However, not every coin is experiencing a dip; Ethereum pumped by 2.5% this week to $4,600, boosted by $5.5 billion in July ETF inflows. Adding to the buy pressure, there was a big institutional buys exceeding 2 million ETH since June. With some saying that Ethereum is the new Bitcoin.
Solana climbed almost 5% to $200, which happened while PUMP was sucking most of the SOL liquidity. ETF speculation, apart from it being a degen paradise, has it aiming for a new all-time high with a $300 target.
CRYPTO IS CRASHING!!
Its so obvious that the market manipulators are trying to liquidate as many people as possible before prices bounce and fly past their previous ATH.
they are trying to pack their bags as much as possible before ALTs start to fly like a bird with 3 wings.… pic.twitter.com/Xw9gNjQexD
— Erik Perez (@erikperez33) August 15, 2025
Cardano bumped by 10% this week to above one dollar mark, although its correcting as well. ADA has experienced a 110% nudge in derivatives volume, and is now targeting $1.15.
These all show an emerging altcoin season, where Ethereum’s institutional buying, Solana as a degen home, and Cardano momentum draw flows from Bitcoin.
The next CPI data will likely force a rebound; the dip is a short-term macro pressure.
So, why did crypto crash today? Well, today is an antic before a bigger leap.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Another Red Candles All Over The Crypto Market
Ethereum just dropped by 2%, 1.2% on XRP, with BTC falling to $117K. Chainlink and BNB record the largest drop, with BNB dropping 3.5% and LINK dropping by almost 5% to $21 from $24 local top days ago.
Is this the best time to start longing and adding spot bags?
Will Mantle Win The Ethereum L-2 War?
Mantle price has crazily pumped by 55% in the past month, climbing from a low 70cents to above $1. MNT, the Mantle coin, is interesting as it coils near resistance at $1.1 and has a volume spike by over 200% in the past days.
It was unexpected to see Mantle pumps, but its 2.0’s modular upgrades and a rumor of its treasury concentration have been fueling the current rally. Will Mantle 2.0 tech win the war of Ethereum layer-2s?
(Source)
Read the full story here.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
SEI Is Outpacing BASE In Crypto Transactions!!
Crypto project SEI is leaving Coinbase’s Base in the dust, flexing faster speed, bigger adoptions gains, and surging stablecoin flows. Now it’s facing biggest challenge yet: is it going to smash through the $0.4 resistance wall.
Backed by record-breaking transactions, native USDC growth, and DEX volume highs, SEI’s momentum is undeniable. Traders are watching closely as the chart flashes bullish patterns and network fundamentals signal a possible explosive move ahead.
Read the full story here.
The post Why Did Crypto Crash Today? XRP and XLM Falling, ETH, SOL, ADA Skyrocketing appeared first on 99Bitcoins.
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