The cryptocurrency market saw significant declines, with Bitcoin falling under $110,000 and Ether dropping nearly 8%. After a brief recovery attempt, Bitcoin returned to levels last seen before Trump's inauguration, down over 11% from a recent high of $117,000. Altcoins also suffered, with Ethereum, Solana, and Dogecoin experiencing declines of 6%-8%. On August 25, trading liquidations reached around $700 million, including several longs that were betting on price increases. Market sentiment appears cautious as September historically shows weak returns for Bitcoin and Ethereum, further contributing to the uncertainty and sell-off in crypto markets. Overall, the rapid price fluctuations indicate a challenging environment for both major and minor cryptocurrencies.

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