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Bitcoin and Ethereum Prices Decline Amid Broader Crypto Market Dip

Bitcoin fell below $115,000 and Ethereum dropped under $4,200, with over $400 million liquidated as U.S. spot crypto ETFs saw $318 million in outflows.

BTC
ETH
OKB

Fact Check
The statement is strongly confirmed by multiple, credible news sources from a consistent timeframe (Feb-Apr 2025). Reuters, the Financial Times, and Decrypt all explicitly report that both Bitcoin and Ethereum prices were falling and attribute this to a broader crypto market downturn, providing corroborating details.
    Reference: 12
Summary

The cryptocurrency market saw continued weakness as Bitcoin slipped below $115,000 and Ethereum fell under $4,200, triggering over $400 million in liquidations in the past 24 hours. DeFi and Meme tokens declined more than 2%, while PayFi remained relatively steady. OKB and POL gained despite the downturn. On August 18, U.S. spot Ethereum ETFs recorded $196.6 million in net outflows, and Bitcoin spot ETFs saw $121.7 million withdrawn, for a combined $318.3 million, according to Farside Investors.

Terms & Concepts
  • BTC (Bitcoin): The first and most widely used cryptocurrency, operating on a decentralized blockchain network.
  • ETH (Ethereum): A leading cryptocurrency and blockchain platform known for supporting smart contracts and decentralized applications.
  • Spot ETF: An exchange-traded fund that directly holds the underlying asset, such as Bitcoin or Ethereum, rather than derivatives.