Digital assets had an eventful Sunday as ether raced to a new peak of $4,957 per coin. Bitcoin, meanwhile, traded sideways for most of the session, shifting between $114,500 and $115,100. By 3 p.m. Eastern time, momentum flipped and BTC dropped sharply to $110,671.

At 4:30 p.m., bitcoin was changing hands at $112,739 and working to reclaim the $113,000 mark. In the past hour, bitcoin slipped 1.5% while ethereum fell 3.15% and XRP matched the same decline.

BTC/USD 1-hour chart via Bitstamp on Aug. 24, 2025.

BNB managed to slide 1.33%, solana ( SOL) sank 3.29%, and dogecoin (DOGE) was hit hardest with a 4.4% drop. Despite the red hour, traders remain glued to the charts as volatility stirred up both fear and opportunity.

Short-term wild swings have become routine across the crypto market this week, leaving analysts debating whether these sudden drops are setting up stronger moves ahead.

Market watchers have also pointed to heavy liquidation levels and tight liquidity as possible drivers of the downturn. In derivatives markets, around $611.81 million in positions were liquidated from the market today, with $445 million of those being long bets.

While long-term holders stay patient, intraday traders are navigating whiplash conditions, trying to capitalize on rapid shifts that can make or break positions in minutes.

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