Rapid Plunge of Bitcoin in 24 Hours - Reasons Behind the Massive Sell-off of BTC by Investors
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In the cryptocurrency market on August 18, 2025, top digital assets experienced mixed performances against the US dollar.
Bitcoin (BTC) traded between approximately $114,650 and $118,575 during the 24-hour period, closing near $114,681. This represented a daily decline of about 3.10%. Analysts warned of a possible deeper correction towards the $98,000–$100,000 support zone. Despite this, there was optimism for a higher price later in the year, with projections of BTC reaching $140,000 to $150,000 in 2025 before the next bear market.
Ethereum (ETH) ended the day with a decrease of -$186.37, trading around $4,287.77. Ether needed to maintain levels above $4,094 to keep bullish momentum. The detailed price on August 18 was not specified, but ETH outperformed BTC over the previous 30 days with more robust price action relative to retail sentiment.
Binance Coin (BNB) hovered near $610–$650 on August 18. Monthly trends predicted slight fluctuations around these levels with a potential downward ROI in mid-to-late 2025.
Ripple (XRP) was under severe bearish pressure near $2.8 with potential drops below $2.5. Resistance at $3.16 and support at $2.81 were critical levels, with $2.72 as a next possible downside target. Multiple bearish EMA crossovers indicated weakening trends for XRP.
Solana (SOL) traded near $18 on August 18, showing recent gains and increased volume. Solana was seen as a strong DeFi contender potentially offsetting losses in other cryptos like XRP during this period. SOL ended the day with a decrease of -$10.5935.
Monthly changes leading to August 18, 2025:
- BTC showed a recent pullback after an initial rally but maintained a bullish outlook for the later months of 2025.
- ETH outperformed BTC over the previous 30 days with more robust price action relative to retail sentiment.
- BNB was projected to experience minor declines heading into late 2025 months, from highs near $650 to lows around $610.
- XRP faced increasing bearish momentum with growing downside risk and possible sharp declines from current supports.
- SOL showed positive momentum, with recent gains and volume spikes suggesting stronger interest and possible altcoin sector strength.
For detailed information on today's cryptocurrency exchange rates, please refer to the following table:
| Cryptocurrency | Exchange Rate (USD) | Change (24h) | |---------------|---------------------|-------------| | Bitcoin (BTC) | $115,280 | -2.38% | | Ethereum (ETH) | $4,287.77 | -4.16% | | Binance Coin (BNB) | $832.41 | -1.86% | | Ripple (XRP) | $2.98315 | -0.43% | | Solana (SOL) | $182.167 | -5.49% |
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