[LIVE] What Caused the Crypto Drop Today? XRP and XLM Declining, ETH, SOL, ADA Soaring

The cryptocurrency trading market is showing positive signs today. Bitcoin is approaching its database high, now closer to $100k, while ETH remains above $4.5K. Some individuals are questioning, “What caused the crypto crash today?”

Despite experiencing some fluctuations, such as a higher-than-anticipated US PPI figure at 3.3% year-over-year, which raised concerns about potential delays in Fed rate reductions, the overall trading market cap still exceeds $4 trillion.

Bitcoin has decreased by over 3% to around $119K, with liquidations of more than $860 million in long positions occurring within 24 hours. Nevertheless, several altcoins have demonstrated strength, indicating that the bull trading market remains intact.

(Source)

Why Did Crypto Crash Today? Not Indeed, Crypto Is Undergoing A Healthy Correction

Meme coins saw a drop of 8%, a significant adjustment, but funds shifted towards robust alternatives as Bitcoin’s dominance remains below 60%. XRP slipped by 6% to $3.1, marking a healthy retreat after surging to its $3.66 ATH. Moreover, its trading volume also surged by over 200% earlier, indicating sustained interest in Ripple.

XLM, conversely, has decreased to $0.45, down 5% over the past week following a 16% rise last week. Both XLM and XRP are undergoing healthy corrections.

XRP

Price

Crypto market Cap

XRP

$184.23B

24h7d30d1yAll time

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

However, not all coins are seeing a downturn; ETH has gained 2.5% this week, trading at $4,600, spurred by $5.5 billion in ETF inflows this July. Furthermore, significant institutional purchases surpassing 2 million ETH since June have added to the buying pressure, prompting some to claim that Ethereum is the new Bitcoin.

Solana rose nearly 5% to $200, occurring while PRICE SURGE absorbed much of the SOL market fluidity. Speculation on ETFs, in addition to its role as a degen haven, has it eyeing a new all-time high with a target of $300.

CRYPTO IS CRASHING!!

It’s so clear that market manipulators are attempting to liquidate as many traders as possible before prices rebound and surpass previous ATHs.

They’re trying to pack their bags before ALTs take off like a bird with three wings.… pic.twitter.com/Xw9gNjQexD

— Erik Perez (@erikperez33) August 15, 2025

Cardano increased by 10% this week, surpassing the one dollar mark, although it is also correcting itself. ADA has witnessed a 110% rise in derivatives volume and is now aiming for $1.15.

All these factors suggest an emerging altcoin season, with Ethereum’s institutional buying, Solana’s appeal as a degen hub, and Cardano’s upward momentum attracting flows from Bitcoin.

The forthcoming CPI data will likely trigger a rebound; this dip is a result of short-term macroeconomic pressures.

So, what caused the crypto crash today? In reality, today merely serves as an anticlimactic pause before a more significant surge.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025

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2 hours ago

SEI Is Surpassing BASE In Crypto Transactions!!

By Akiyama Felix

The crypto initiative SEI is outpacing Coinbase’s Base, demonstrating quicker speeds, substantial adoption gains, and increasing stablecoin flows. It now faces its biggest challenge: whether it can break through the $0.4 price ceiling level.

Supported by record-setting transactions, native USDC growth, and peak DEX volumes, SEI’s momentum is irrefutable. Traders are closely observing as the chart reveals uptrend trends and protocol fundamentals indicate a potentially explosive future move.

Read the complete article here.

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