Crypto has fallen behind almost every major asset class since January 2025. Bitcoin, Ethereum, and altcoins remain deep in negative territory, even as silver, copper, gold, and major stock indexes record strong returns.
That comparison provides important context for the latest crypto market crash. Bitcoin price has dropped below $64,000, and several major altcoins have followed it lower. Macroeconomic uncertainty, rising oil prices, and leveraged liquidations are all contributing to the decline.
Crypto market commentator Ash Crypto described crypto as the worst performing asset class since January 2025. His comparison shows a wide performance gap between digital assets and traditional markets.
Ash Crypto shared the following figures:
Silver has increased by 107%.
Copper has gained about 66%.
Gold has climbed roughly 60%.
The Nasdaq has advanced about 38%.
The Russell 2000 has gained about 31%.
Bitcoin has declined by 35%.
Ethereum has fallen about 47%.
Altcoins have dropped roughly 57%.
Ash Crypto argued that crypto remains the most undervalued asset during this period. That statement represents his personal market assessment, and it does not guarantee an immediate recovery.
The comparison still reveals why the present market feels unusually difficult. Investors who held metals or major stock indexes have recorded strong returns. Crypto holders have faced continued losses despite occasional recovery attempts.
Crypto Market Cap Falls to $2.19 Trillion Before US Inflation Data
The crypto market pulled back again on Tuesday, August 11. Total market capitalization declined by approximately 1.3% to $2.19 trillion as investors reduced exposure ahead of the upcoming US inflation report.
The July Consumer Price Index report is scheduled for Wednesday, August 12. Markets expect annual inflation to ease to about 3.4%, compared with 3.5% during June.
A cooler result could reduce concerns about persistent inflation and support expectations for lower interest rates. A hotter result could strengthen the case for keeping borrowing costs elevated for longer.
Higher interest rates often create difficult conditions for Bitcoin and other risk assets. Bonds and similar investments become more appealing because they offer stronger returns with less volatility. Crypto can lose demand under those conditions.
Rising Oil Prices And Geopolitical Tensions Increase Market Pressure
Fresh tension surrounding the Strait of Hormuz has also affected global markets. Comments from Iran and limited progress in negotiations pushed crude oil prices higher.
Brent crude reached approximately $89 per barrel, and West Texas Intermediate climbed beyond $83. Oil exports through the Strait averaged about 3 million barrels daily during the week ending August 7. The previous week recorded roughly 4.4 million barrels daily.
Reduced energy supplies can increase transportation and production costs across the global economy. Higher oil prices may also make inflation harder to control, which could weaken expectations for interest rate cuts.
The US dollar and Treasury yields have remained firm during this period. Equities and other risk sensitive assets have also faced pressure, which shows that the latest decline extends beyond the crypto market.
Leveraged Bitcoin Positions Made the Market Decline Worse
Bitcoin faced another problem after its price moved down from resistance near $65,000. Leveraged long positions began closing across derivatives exchanges, and the resulting forced sales increased the downward pressure.
Leveraged traders borrow funds to increase their market exposure. Exchanges automatically close these positions once losses reach certain limits. Those closures produce additional sales and can drive prices lower within a short period.
The liquidations help explain why Bitcoin price moved below $64,000 even though no single crypto related event caused the decline. Macroeconomic caution started the pullback, and excessive leverage made the reaction more severe.
The Crypto Times Connects The Bitcoin Drop To Macro Pressure And Leverage
Crypto news platform The Crypto Times reported that Bitcoin traded near $63,900 after a 1.69% decline. Ethereum price dropped 2.39% to about $1,872, XRP price fell 2.09% to $1.01, and Solana price declined 1.10% to $75.79.
Crypto market is flashing red ahead of tomorrow’s US CPI data! The total crypto market cap has slipped 1.3% to $2.19T, with: • $BTC: ~$63,900 (-1.69%) • $ETH: ~$1,872 (-2.39%) • $XRP: ~$1.01 (-2.09%) • $SOL: ~$75.79 (-1.10%) So, what’s driving the drop? It’s less about…
— The Crypto Times (@CryptoTimes_io) August 11, 2026
The Crypto Times identified macroeconomic uncertainty and leverage as the main causes of the market decline. Its report also stated that approximately $49.6 million in Bitcoin positions were liquidated, with leveraged longs accounting for most of the losses.
The outlet noted that Bitcoin and Ethereum remained slightly higher across the previous 7 days. Bitcoin exchange traded funds had also recorded their strongest weekly inflows since April.
Those figures do not point toward a complete collapse in crypto demand. They indicate that caution before the CPI report and forced selling from leveraged positions are controlling the immediate price action.
Read Also: White House Crypto Advisor: Trump Aims to Pass Clarity Act in September
Ash Crypto Compares The Current Bear Market With 2018 And 2022
Ash Crypto later described the current period as one of crypto’s hardest phases and possibly its worst bear market. His concern came from the contrast between falling cryptocurrency prices and record levels across several traditional assets.
The analyst recalled similar conditions during the 2018 and 2022 bear markets. Crypto eventually recovered after both periods, although investors endured several months of losses and uncertainty before those recoveries developed.
History does not guarantee that the present cycle will end the same way. Wednesday’s US CPI report could provide the next major clue. Cooler inflation may give Bitcoin room to reclaim $65,000, whereas hotter inflation could keep the crypto market under pressure
FAQs
What is Bitcoin (BTC) used for?
Bitcoin was the first cryptocurrency and remains the world’s largest and most widely recognized digital asset. Transactions are verified by a network of computers rather than banks or governments. Bitcoin can be bought, sold, mined, used for payments, or held as an investment.
What are the benefits of using Bitcoin?
Cryptocurrencies offer a decentralized approach to transferring and storing value using blockchain technology. Unlike traditional financial systems, many cryptocurrencies enable transactions without relying on centralized intermediaries such as banks.
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