August 14, 2025: sharp drop in global currencies and cryptocurrencies following inflation data in the U.S.
On this August 14, the global market experiences a sudden turn: from a strengthened dollar against traditional currencies to the collapse of cryptocurrencies after hitting historical highs.
📉 Traditional currencies in decline
Wholesale inflation in the U.S. exceeded expectations, strengthening the dollar and weakening currencies like the Mexican peso, which reached 18.89 per dollar, falling nearly 1%.
💥 Bitcoin: from glory to collapse in hours
Bitcoin hit a new record above 124,000 USD, but within hours plummeted to 118,000 USD, causing over 900 million USD in liquidations.
⚠️ Altcoins in the red
Ethereum (-2.3%), XRP (-5.1%), Solana (-2.9%), and Dogecoin (-7.7%) also suffered notable losses.
What's next:
Analysts see a risk of correction towards 110,000 USD, while others warn of a deeper decline if sentiment turns.