---
title: "Cryptocurrency plummets across the board, with over 130,000 people liquidated in the past 24 hours"
description: "The cryptocurrency market saw a significant decline today, with Bitcoin dropping below $115,000, a nearly 3% decrease within 24 hours; Ethereum, Solana, and Cardano fell over 6%. In the past 24 hours,"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/253487164.md"
published_at: "2025-08-18T13:50:11.000Z"
---

# Cryptocurrency plummets across the board, with over 130,000 people liquidated in the past 24 hours

> The cryptocurrency market saw a significant decline today, with Bitcoin dropping below $115,000, a nearly 3% decrease within 24 hours; Ethereum, Solana, and Cardano fell over 6%. In the past 24 hours, over $500 million in contracts were liquidated, affecting more than 130,000 people. After the U.S. stock market opened, cryptocurrency concept stocks also collectively fell, with analysts pointing out that profit-taking and weakened expectations for a Federal Reserve interest rate cut are the main reasons

Today, the cryptocurrency market experienced a significant plunge. As of the time of this report, Bitcoin has fallen below $115,000, with a nearly 3% drop in the last 24 hours; Ethereum, Solana, and Cardano have all dropped over 6%. According to Coinglass, over $500 million in cryptocurrency contracts were liquidated in the past 24 hours, affecting more than 130,000 people. After the U.S. stock market opened, cryptocurrency-related stocks also collectively declined, with DeFi Development down over 6%, BMNR down nearly 5%, and Canaan Creative down over 2%. Coinbase, MicroStrategy, and Circle fell by 1%. Analysts pointed out that this round of selling in the cryptocurrency market is influenced by multiple factors, with profit-taking being one of the main reasons. Additionally, the weakening expectations for a Federal Reserve interest rate cut and the latest comments from U.S. Treasury Secretary Janet Yellen have also undermined confidence in the crypto space

### Related Stocks

- [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.