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Bitcoin (BTC) slumped to $115,500 on August 17, 2025, a 1.35% drop, as gloomy macroeconomic signals triggered a risk-off mood across global markets, dragging major altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) lower. U.S. manufacturing PMI fell to 46.8, signaling contraction, while July unemployment rose to 4.3%, per Bloomberg, fueling investor caution. The crypto market shed $100 billion in value, with Bitcoin’s dominance holding at 59.9%, per CoinMarketCap.
Liquidations hit $350 million across exchanges, with $236 million from bullish long positions, according to CryptoQuant. Ethereum, down 3.21% to $4,331.50, held above its $4,300 support, while Solana ($184.57, -3.43%) and Dogecoin ($0.2254, -3.97%) faced sharper declines amid high altcoin volatility. Posts on X reflect mixed sentiment, with @lourdesanchezok noting Bitcoin’s struggle in the $115K–120K range, while @CoinMarketCap reported ETH’s 17.18% weekly gain, hinting at resilience.
Analysts remain split. “Macro headwinds like rising Treasury yields at 4.32% are pressuring risk assets,” said Joao Wedson of CryptoQuant, but he sees Bitcoin’s $116,000 level as critical support. Others, citing $17 billion in BTC and ETH ETF inflows since June, per @milesdeutscher, argue the dip is a buying opportunity ahead of potential Federal Reserve rate cuts in September, with an 87% probability per CME’s FedWatch tool.
Investors await U.S. CPI data on August 20 and Fed Chair Jerome Powell’s Jackson Hole speech on August 22 for clues on monetary policy. A sustained risk-off environment could push Bitcoin toward $110,000, while altcoins face higher volatility. Follow @CoinMarketCap or CryptoQuant for real-time market updates.
