Bitcoin and Ethereum plunged Friday as macro inflation data and sliding U.S. equities spurred a market-wide sell-off; Bitcoin fell to about $108,617 and Ethereum to ~$4,295, wiping out recent gains and triggering large futures liquidations.
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Immediate cause: mixed inflation data and equity weakness drove risk-off trading.
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Liquidations exceeded $535 million across crypto futures in 24 hours, intensifying the drawdown.
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Bitcoin: ~$108,617 (24h -4%, 30d -8%); Ethereum: ~$4,295 (24h -6%, ~13% below this week’s ATH).
Bitcoin and Ethereum price drop: BTC at ~$108,617 and ETH near $4,295 after inflation data sparked liquidations — read key takeaways and expert context.
What caused the Bitcoin and Ethereum price drop on Friday?
Bitcoin and Ethereum price drop was driven primarily by a risk-off reaction to July’s core personal consumption expenditures (PCE) inflation reading and a concurrent pullback in U.S. equities. Traders reduced long exposure, triggering automated futures liquidations and accelerating the sell-off.
How large were futures liquidations and which assets fell most?
Over the 24-hour window, roughly $446 million in long positions were liquidated and about $535 million in total positions were closed, according to CoinGlass plain-text reporting. Bitcoin slid to approximately $108,617 (near early July lows), down ~4% in 24 hours and ~8% over 30 days. Ethereum traded near $4,295, down ~6% in 24 hours and about 13% from its recent all-time high of $4,946.
Frequently Asked Questions
How much did Bitcoin and Ethereum move in the past 24 hours?
Bitcoin fell roughly 4% to about $108,617, while Ethereum declined about 6% to around $4,295 over the last 24 hours, reversing gains from earlier in the week.
Will ETH rebound to a new high this year?
Market sentiment varies; some platform users assign a 75% probability of ETH reaching $5,000 by year-end, but outcomes depend on macro trends and market liquidity conditions. This is viewpoint reporting, not financial advice.
Price Comparison Summary
| Asset | Recent Price | 24h Change | Change vs ATH |
|---|---|---|---|
| Bitcoin (BTC) | $108,617 | -4% | -12% from $124,128 ATH |
| Ethereum (ETH) | $4,295 | -6% | -13% from $4,946 ATH |
| XRP | $2.84 | -6% | Varies |
| Solana (SOL) | $209 | -3% | Below six-month high |
Key Takeaways
- Macro-sensitive move: Core PCE at 2.9% for July triggered risk-off trading across crypto and equities.
- Liquidation risk: $446M in long liquidations and $535M total liquidations intensified selling pressure.
- Actionable insight: Traders should reassess leverage, consider hedges, and monitor inflation and equity trends closely.
Conclusion
Friday’s sell-off left Bitcoin and Ethereum noticeably lower, with both assets retreating from recent all-time highs as inflation data and equity weakness reshaped risk appetite. Market participants should prioritize risk management and track macro indicators; COINOTAG will continue updating coverage as conditions evolve.
Published: 2025-08-29 — Updated: 2025-08-29 | Author: COINOTAG
