Failed Crypto Bounce Sends Bitcoin Below $110K, Ether Down 8%

Bitcoin Falls Below $110K as Altcoins Join Sell-Off

Crypto markets slid deeper into red on Monday, erasing weekend recovery hopes. Bitcoin (BTC) fell to $109,795 in late U.S. trading, slipping back under $110,000 after its rally attempt at $113,000 was quickly rejected. The move marked a seven-week low, leaving BTC down 2.7% in the past day and nearly 7% below Friday’s high near $117,000 following Powell’s dovish Jackson Hole remarks.

Ethereum (ETH) dropped nearly 8% to under $4,400, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) each posted losses of 6–8%.

Derivatives traders were hit hard, with CoinGlass data showing almost $700 million in positions liquidated over the past 24 hours, mostly from longs betting on a rebound. Historical trends add to the concern: September has typically been the weakest month for both BTC and ETH.

Version 2 – Analytical / Investor Angle

Crypto Weakness Returns: Bitcoin Breaks $110K, Ether Down 8%

The rebound from Sunday’s flash crash proved short-lived as digital assets tumbled again Monday. Bitcoin (BTC) sank to $109,795 after hitting resistance near $113,000, sliding to its lowest level in seven weeks. The token is down 2.7% on the day and off 7% from Friday’s post-Fed peak above $117,000.

Altcoins, initially resilient, joined the downturn. Ethereum (ETH) plunged 8% to below $4,400, while Solana, Dogecoin, Cardano, and Chainlink all retreated between 6% and 8%.

CoinGlass reported nearly $700 million in leveraged positions liquidated, exceeding Sunday’s flush. Longs made up the majority, highlighting overextended bullish bets. Seasonal trends could deepen the caution, with BTC and ETH historically underperforming in September.

Version 3 – Punchier / Dramatic

Crypto Rout Deepens: Bitcoin Crashes Below $110K, Ethereum Nosedives

Bitcoin’s recovery attempt collapsed Monday as sellers regained control, sending prices to fresh lows. BTC plunged beneath $110,000 to $109,795 after failing to hold $113,000, marking its lowest point since early July. The world’s largest crypto is now down almost 7% from last week’s Jackson Hole highs.

Ethereum (ETH) led altcoin losses, plunging nearly 8% under $4,400. Solana, Dogecoin, Cardano, and Chainlink each slid 6–8% as the broader market weakened.

The sharp declines fueled nearly $700 million in liquidations across crypto derivatives, most from longs anticipating higher prices, CoinGlass data shows. With September looming — historically the weakest month for BTC and ETH — traders may face further headwinds.