August Crypto Crash Sees Major Altcoin Losses

Crypto Market Experiences Steep Declines on August 1, 2025

Altcoins are plummeting today due to widespread market volatility and a hawkish macroeconomic stance. Over $751 million in leveraged long positions were liquidated, with Solana, Cardano, and Dogecoin experiencing significant declines.

Bitcoin, Ethereum, and top altcoins, including Solana, Cardano, and Dogecoin, experienced steep declines on August 1, 2025, due to market volatility and liquidations.

August’s crypto crash highlights intensifying market volatility and echoes historical trends. Liquidations surpassed $751 million, affecting major cryptocurrencies. Investors face a decline in Total Value Locked.

Impact on Major Cryptocurrencies

Hawkish macroeconomic signals and widespread market volatility caused a recent dip in crypto prices. Bitcoin and Ethereum are among the affected assets, with aggregated losses from liquidations exacerbating the decline.

Altcoin Price Declines

Major altcoins like Solana, Cardano, and Dogecoin experienced pronounced declines, with prices sharply dropping by up to 6%. The market initially dipped due to macroeconomic pressures, without immediate leader or regulatory announcements found offering guidance.

Liquidations in the market reflect increased financial and on-chain volatility. The significant shift away from altcoins to Bitcoin has weakened many investments, as evident in the fall of the Altcoin Season Index to 37/100.

Historically, August has been a volatile month for Ethereum, with average returns showing low gains. Past trends suggest similar negative seasonality this year, following earlier August drawdowns and marginal long-term returns.

Market Dynamics: The market saw over $751 million in liquidations within 24 hours, heavily skewed towards leveraged long positions, resulting in a significant market downturn.

Though real-time statements from leaders and project teams are absent, macroeconomic signs suggest potential corrections. The market’s trajectory remains influenced by U.S. Federal Reserve’s policies , hinting at ongoing challenges for stakeholders.