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Crypto Market Bleeds Ahead of FOMC Meeting Minutes Today- Another Crash Or Recovery?

The crypto market dip continues for another day, led by Bitcoin’s crash to $113k, ETF outflows, and more. Here’s what’s leading investors.
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Crypto Market Bleeds Ahead of FOMC Meeting Minutes Today- Another Crash Or Recovery?

Highlights

  • Nearly $450M in crypto was liquidated today as the market suffers ahead of key events.
  • Bitcoin plunged to $1113k, ETH to $4.2k today as the FOMC Minutes event brings volatility.
  • Profit-taking, macroeconomic uncertainty, and crypto ETF outflows further exacerbated the downtrend.

The crypto market tosses bulls out of the picture this week, as fear and bears take over investors’ trading decisions. Despite surpassing a $4T market cap earlier in the month and BTC’s ATH rally, the trends have completely changed today. Under the impact of which, $450M worth of liquidation position has been wiped out.

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Crypto Market Crash Fuels $450M Liquidation

The Bitcoin’s slippage below $113k and the Ethereum declining to $4.2k mark resulted in a major series of liquidations in the crypto space, staining the market in red. CoinGlass data reveals the liquidation of a $450M position in the market today, affecting 122,096 traders.

In this Ethereum position leads the liquidation, losing $180.13M, followed by Bitcoin with $102.44 in liquidation. Other top altcoins, such as XRP ($17.84M), SOL ($14.92M), and DOGE ($10.91M), are also in the liquidation race, impacting global traders.

Source: CoinGlass, Crypto Market Liquidation Heatmap

Notably, Ethereum’s dominance in the liquidation has been consistent for the last few days, since its recent uptrend has heavily influenced investors’ trading decisions. One individual who has turned $125k into $29.6M on ETH has lost it all again with this downtrend, reports Lookonchain.

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Will FED Hint Rate Cut Today As Institutional Investors Continue Sell-Off

The broader crypto market is facing a correction ahead of the FOMC Meeting Minutes release today and Jerome Powell’s speech at Jackson Hole on Friday. Notably, investors are greatly cautious of their trading decisions while awaiting the Fed’s hint at potential rate cuts in September.

FOMC Minutes drop today at 3PM (ET).

PREPARE FOR VOLATILITY! pic.twitter.com/hnFCPabfzv

— Mister Crypto (@misterrcrypto) August 20, 2025

CME FedWatch tool, Polymarket, and others showcase strong odds of rate cuts next month. However, the U.S. PPI, tech revenue report, weekly job data, and much more can impact the Fed’s decision, creating uncertainty in the market.

A shift in investors’ sentiments was also noticed as the SEC postponed the XRP ETF decision to October. Even the launched ETFs witnessed significant outflows, led by the Bitcoin spot ETF with -$121.81M net flow on August 19. Ethereum also has the same result, with $196.62M outflows.

Profit taking, whale sell-off also played a significant role. Further down, the downturn may persist if the macro events bring further bearish trends this week.

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Frequently Asked Questions

What crypto holders were affected the most?

Ethereum positions faced the most liquidation today, affecting investors significantly.

Which event is affecting the crypto price today?

The release of the FOMC Meeting inMutes, as well as upcoming Jackson Hole speech by Jerome Powell, is impacting the crypto price.

When will the crypto market recover?

As investors turned cautious ahead of these key crypto events, the trajectory of the market's recovery remains uncertain.
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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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