Cryptocurrency Market Plunges: Bitcoin Dips Below $109K Amid Options Expiry and Economic Pressures – August 29, 2025
Bitcoin Dips Below $109K Amid Options Expiry
Introduction
The cryptocurrency market experiences a sharp downturn today, August 29, 2025, as major assets like Bitcoin and Ethereum face significant selling pressure. Investors who monitor markets via mobile apps witness Bitcoin dipping below $109,000, marking an 8% weekly loss, while Ethereum plunges over 5%. This volatility stems from a mix of macroeconomic indicators, massive options expiries, and institutional movements.
For phone lovers who rely on on-the-go trading platforms like Binance or Coinbase apps, these shifts demand quick adaptations to protect portfolios. This article dives into the key events driving today’s crypto news, offering professional insights and actionable context to help you navigate the turbulence.
Bitcoin Hammered: Weekly Losses Mount to 8% as Miners Sell Off
Bitcoin, the flagship cryptocurrency, retreats sharply today, falling below $109,000 in a volatile session. Traders attribute this drop to ongoing distribution pressure from miners, who offload holdings to cover operational costs amid rising energy prices and network difficulty. The price hammers against key support levels around $108,000, where fresh accumulation attempts emerge from institutional buyers.
This decline extends Bitcoin’s weekly losses to nearly 8%, erasing gains from earlier in the month when optimism around U.S. policy changes buoyed the asset.
For mobile users, apps like TradingView alert investors in real-time, showing Bitcoin’s 2.7% daily drop alongside broader market reds. Analysts warn that if support breaks, Bitcoin could test $100,000, a level last seen in early 2025 corrections.
External Link: For detailed Bitcoin price charts, visit CoinDesk Markets.
Experts like Jamie Coutts from Bloomberg Intelligence predict a potential Q4 correction, emphasizing the need for diversified strategies. Phone-based traders benefit from push notifications on apps such as Binance, which highlight liquidation events—today alone, $100 million in futures positions wipe out across exchanges. This underscores the risks of leveraged trading on mobile platforms, where quick taps can lead to outsized losses.
Ethereum Leads the Pack in Declines: 5.2% Drop Amid Options Expiry Chaos
Ethereum takes the hardest hit among top coins, slumping 5.2% to around $4,393. The second-largest cryptocurrency by market cap faces intensified pressure from a $15 billion Bitcoin and Ethereum options expiry event, which shakes investor confidence. Binance’s futures platform briefly goes offline during this volatility, exacerbating liquidations and prompting users to switch to mobile backups like the app’s spot trading feature.
Price analysis reveals Ethereum’s recent record high of $4,960 earlier this week, but buyers struggle to break resistance at $5,000. The asset closes the week with a modest 5% gain, yet today’s retreat highlights vulnerabilities tied to broader economic data, including the U.S. core PCE price index hitting a 5-month high. This inflation metric cools expectations for Federal Reserve rate cuts, impacting risk assets like crypto.
For phone enthusiasts who use Ethereum-based DeFi apps on mobile wallets like MetaMask, this dip presents buying opportunities in staking protocols. Ethereum’s proof-of-stake mechanism continues to attract yield seekers, with Lido Staked ETH priced at $4,588, offering liquid staking rewards without locking funds. However, centralization concerns around Lido’s dominance persist, advising diversified mobile portfolios.
External Link: Check Ethereum’s latest staking data on CryptoPotato Analysis.
Altcoins in the Red: 95% of Top 100 Coins Decline, Solana Shines with Volume Surge
The broader altcoin market mirrors the downturn, with 95 of the top 100 coins turning red today. Solana, however, bucks the trend by dethroning Ethereum in daily volume, fueled by surging interest in SOL futures. This shift appeals to mobile traders who favor fast, low-fee networks for on-the-go transactions via apps like Phantom Wallet.
Chainlink and Pyth compete fiercely as top buys, surging on U.S. backing for oracle networks. Wormhole’s price jumps 32% amid a Pyth-powered deal for U.S. government data streams on blockchains like Bitcoin, Ethereum, and Solana. These developments enhance real-world asset (RWA) integrations, making crypto more accessible via mobile interfaces.
Other altcoins like XRP, ADA, and BNB face declines, with XRP finding support at $0.34 after a 60% fee reduction proposal. For phone lovers, Ripple’s mobile-friendly payment apps position XRP as a go-to for cross-border transfers. Meanwhile, meme coins like Shiba Inu and Pepe vie with emerging tokens like Remittix for “best crypto to buy” status at August’s end.
External Link: Explore altcoin strategies on CoinCentral.
Raoul Pal forecasts altcoin growth ahead of a 2026 market peak, urging strategic entries during dips. Institutional capital flows to altcoins with strong fundamentals, as Bitcoin consolidates near $113,600.
Macro Factors and Predictions: U.S. GDP Data on Blockchain, Eric Trump’s Bold BTC Call
Economic headlines dominate crypto sentiment today. The U.S. unlocks full crypto access with billions incoming, starting GDP data feeds to Bitcoin, Ethereum, and Solana blockchains via Pyth Network. This integration boosts transparency and appeals to mobile users tracking economic indicators through apps like Bloomberg or Yahoo Finance.
Eric Trump predicts Bitcoin hitting $1 million, praising China’s role in cryptocurrency while noting BTC’s 18% yearly rise to $119,750. Trump’s family-backed initiatives, including World Liberty Financial, align with Republican “crypto week” bills for favorable regulations.
Bitcoin price predictions vary: Some see $150,000 in Q4, others warn of $80,000 first. The market surpasses $4 trillion amid U.S. GDP growth and institutional interest.
External Link: Read about U.S. policy impacts on Reuters.
Liquidations and Treasury Flops: Market Realities for Mobile Traders
Over $100 million liquidates from the crypto market in the past hour, with another $100 million in 12 hours. Phone users on leveraged platforms like Binance face heightened risks, as outages amplify panic selling.
Bitcoin treasury strategies flop for some firms, with stocks slipping despite year-to-date gains. Chainlink gains its first corporate treasury firm, pivoting struggling real estate into crypto.
Lombard Finance launches yield-bearing Bitcoin token LBTC on Solana with $1.5 billion backing, enhancing mobile DeFi options.
Community Buzz and Future Outlook
Reddit’s daily crypto discussion buzzes with 29 votes and 606 comments on today’s events. X (formerly Twitter) posts highlight liquidations and price falls, with users debating manipulation.
Looking ahead, experts like Raoul Pal see altcoins extending the cycle into 2026. For phone lovers, mobile apps will evolve with AI integrations for predictive trading, as seen in upcoming Remittix wallet betas.
External Link: Join the discussion on Reddit CryptoCurrency.
Conclusion
Today’s cryptocurrency news paints a picture of volatility, with Bitcoin and Ethereum leading declines amid options expiries and economic data. Yet, opportunities emerge in altcoins like Solana and emerging tokens for mobile-savvy investors. By staying informed through reliable apps and sources, phone lovers can position themselves for recovery. Always trade responsibly, diversifying across assets to mitigate risks in this fast-paced market
