Key notes
- The market capitalization of cryptography increased from more than $ 4.02 billions of $ 3.98 billions of dollars after a huge price plunge.
- The prices of BTC, ETH, Sol and XRP are decreasing, after the publication of American PPI data this week.
- US Treasury Secretary Scott Bessent said the government did not intend to make additional Bitcoin purchases.
From soaring a capitalization of more than $ 4.02 billions of dollars, the wider market of cryptography has recorded a significant drop in the last 24 hours.
Specifically, it has lost up to $ 133 billion in the wake of the sudden lower switching. The main triggers suspected of these negative changes are Scott Bessent’s remark and American PPI data, published earlier this week.
BTC, ETH, XRP and others are faced with a slowdown
The American producer’s price index (PPI) has been published recently and has shown its highest in three years in July.
This is the consequences of an increase in the costs of goods and services. The perspectives suggest that a large inflation pick-up was imminent, a probable dilemma for the federal reserve. In other words, he attenuated the hopes of aggressive Fed decreases in September.
With investors frightened by this reading higher than expected, the cryptography market has experienced a sharp decline. The loss of $ 133 billion has marked the largest liquidation event that the market has seen since early August.
Consequently, the market capitalization of cryptography fell to 3.98 billions of dollars shortly after the traders made profits from the Rally Bitcoin rally.
Bitcoin
BTC
$ 117 688
24h volatility:
1.0%
COURTIC CAPESSION:
$ 2.34 T
Flight. 24 hours:
$ 43.24 B
went from negotiations to a summit of $ 124,474 to around $ 118,133.73 at the time of writing this document.
Bitcoin is not the only digital asset assigned by reversal on the market. Ethereum
Ethn
$ 4,466
24h volatility:
3.6%
COURTIC CAPESSION:
$ 539.53 B
Flight. 24 hours:
$ 47.99 B
Which was almost close to the price level of $ 5,000, is now retracted at $ 4,558.81.
XRP associated with ripple
Xrp
$ 3.09
24h volatility:
0.4%
COURTIC CAPESSION:
$ 183.73 B
Flight. 24 hours:
$ 6.95 B
is down 0.44% and set at $ 3.09. Solara
GROUND
$ 187.5
24h volatility:
3.4%
COURTIC CAPESSION:
$ 101.30 B
Flight. 24 hours:
$ 8.58 B
I came up from $ 2019 to negotiate $ 191.01, down 2% in 24 hours.
Even the Coindesk 20 index of the largest cryptocurrencies slipped 2.1% over the 24 hours.
Based on these price actions, massive liquidations have been recorded, with more than a billion dollars in leveraged negotiation positions in 24 hours.
Given the market prospects earlier in the week, more long traders were most affected by the liquidation of cryptography.
The Secretary in the United States of the Treasury says that the government does not buy more bitcoin
The former Hell Funds manager and US Treasury Secretary Scott Bessent may also have made an unfavorable statement to the Bitcoin rally.
On Thursday, the billionaire sat on an interview with Fox Business and said that the US government did not intend to make additional Bitcoin purchases for its strategic reserve and its stock of separate digital assets.
“We also started to enter the 21st century, a bitcoin reserve. We are not going to buy this, but we will use confiscated assets and continue to build this,” said Bessent.
According to the secretary, the American Bitcoin reserve is estimated between $ 15 and $ 20 billion, based on the price level of $ 120,000 at the time. However, shortly after its declaration, the Bitcoin price experienced a sharp decline.
Although he shared another bullish declaration on the medal in an X follow -up post, the market has not yet recovered from the sale.
Bitcoin which was finally confiscated from the federal government will be the basis of the Bitcoin Strategic Reserve that President Trump created in his March decree.
In addition, the Treasury undertakes to explore budgetary neutral routes to acquire more …
– The secretary of the Treasury Scott Bessent (@sescottbessent) August 14, 2025
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
