Bitcoin Slides Towards $115K As Dogecoin Dives on Qubic Assault

Bitcoin slid towards $115K as $500 million in liquidations shook the crypto market, Dogecoin tumbled on the Qubic group’s deliberate assault, and Pump.enjoyable topped losers.

After touching new all-time highs final week, BTC dropped to $115,297 at 4:47 a.m. EST after tumbling 2.3% within the final 24 hours. 

In the meantime the Dogecoin value slid 5% regardless of being up 10% within the final two weeks after the Qubic group voted to focus on it of their subsequent 51% assault.

The broader crypto market capitalization fell 3.4% to $3.96 trillion, signaling a pointy decline throughout main property.

CoinGlass knowledge reveals over $535.95 million was liquidated within the final 24 hours.

Bitcoin Worth Slides Towards $115K As Crypto Market Cap Sheds $140 Billion

Bitcoin dropped over 5% on the weekly timeframe and is more likely to check key assist at $115,000. BTC and main altcoins had a troubled time after hotter-than-expected US PPI knowledge reignited macro considerations final week.

After hitting an all-time excessive above $123K, Bitcoin has confronted persistent promoting strain that dragged the value under $120,000.

BTC’s present pullback displays a wholesome consolidation after current highs, which might permit the market to reset with out breaking its bullish construction.

In accordance with the BTC/USD chart evaluation on the each day timeframe, the Bitcoin value has dropped under the rising channel sample.

The final candle has additionally dropped under the 50-day Easy Transferring Common (SMA), which cements the present market outlook.

In the meantime, the Relative Energy Index (RSI) has dropped under the 50-midline stage, supporting the sentiment that sellers are answerable for the value.

Because the Bitcoin value dropped, the crypto’s market capitalization additionally took a plunge, shedding over $140 billion within the final day from above $4 trillion.

The meme coin area additionally took a large 4% hit take its market right down to $73 billion.

Pump.Enjoyable (PUMP) was the largest loser amongst main cryptos within the final day with a 9.8% drop, adopted by Mantle (MNT), Aerodrome Finance (AERO), and Hyperliquid (HYPE), recording 9.04%, 9.01%, and seven.92% drops, respectively, in response to CoinMarketCap knowledge.

The highest performers among the many largest cryptos had been Monero (XMR), Chainlink (LINK), and POL (POL), posting 4.9%, 2%, and 1.7% beneficial properties, respectively.

Because of the broader market drop, over 125,632 merchants had been liquidated, in response to CoinGlass knowledge, with the biggest single liquidation of $4.03 million taking place on the Binance change.

Establishments Purchase Bitcoin As Sentiment Stays Unclear

CMC’s Crypto Concern and Greed Index stands at a impartial stage of 56, exhibiting that the market’s route stays unclear.

Nevertheless, some establishments are nonetheless shopping for the dip to seize extra Bitcoin. Metaplanet purchased one other 775 BTC for $93 million at a median value of $120,006 every, in response to Metaplanet CEO Simon Gerovich.

Metaplanet has acquired 775 BTC for ~$93 million at ~$120,006 per bitcoin and has achieved BTC Yield of 480.2% YTD 2025.  As of 8/18/2025, we maintain 18,888 $BTC acquired for ~$1.94 billion at ~$102,653 per bitcoin. $MTPLF pic.twitter.com/9r1law8jyH

— Simon Gerovich (@gerovich) August 18, 2025

Metaplanet now has a complete of 18,888 BTC in its hoard, purchased for $1.94 billion.

In the meantime, Technique’s Michael Saylor has hinted at one other BTC purchase, after posting the corporate’s portfolio tracker on an X submit with the caption, “Inadequate Orange,” seemingly indicating a plan to purchase but extra BTC so as to add to its 628,946 Bitcoin hoard.

Furthermore, new addresses holding BTC have elevated from round 288,449 on June 23 to round 325,172 on August 18, in response to Glassnode knowledge.

In accordance with crypto analyst Rekt Capital, with greater than 557k followers on X,  BTC could possibly be on the transfer towards a value discovery, however it could want to carry the $114,000 assist zone efficiently.

#BTC

Bitcoin could possibly be on the cusp of Worth Discovery Correction 2

However it could have to convincingly lose $114k first

And seeing as the ultimate pullbacks within the cycle have been shorter & shallower…

It is key this one turns into shorter & shallower as properly$BTC #Crypto #Bitcoin https://t.co/ONprKhpUvs pic.twitter.com/dyG9ti1CcA

— Rekt Capital (@rektcapital) August 18, 2025

Qubic Group Votes To Goal Dogecoin

In the meantime, meme coin Dogecoin (DOGE) is beneath strain following a vote by the Qubic group to focus on it of their subsequent 51% assault.

Qubic, an AI-centric proof-of-work blockchain, not too long ago took management of the Monero community by reorganizing six blocks by way of its mining pool. Following that, Qubic founder Sergey Ivancheglo requested customers to vote on their subsequent goal.

Following this, Qubic’s founder, Sergey Ivancheglo, often called Come-from-Past, initiated a group vote to pick out the subsequent ASIC-enabled proof-of-work blockchain to focus on.

Choices included Dogecoin (DOGE), Kaspa (KAS), and Zcash (ZEC). On August 17, 2025, Ivancheglo introduced that Dogecoin, with a $35 billion market capitalization, acquired over 300 votes, surpassing different contenders, making it the group’s chosen goal subsequent in line.

The #Qubic group has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5

— Come-from-Past (@c___f___b) August 17, 2025

Qubic community’s newest vote alerts rising dangers for main proof-of-work chains.

After gaining majority management over the computing energy used to safe the Monero community on Monday, Qubic’s mining pool efficiently reorganized six blocks following a month-long conflict with different Monero miners for management of the community’s hashrate.

“The Monero community’s core performance stays intact,” the Qubic staff wrote following the takeover. “Its privateness, pace, and usefulness haven’t been compromised.” 

Nevertheless, many within the crypto area have already raised considerations over potential threat in community integrity.

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