Bitcoin extended its slide on Monday, briefly trading below $110,000 for the first time in more than a month after a weekend sell-off knocked the world’s largest cryptocurrency off recent highs. The token had exchanged hands near $124,000 in mid-August but lost momentum as risk appetite ebbed. The downturn followed a sharp rotation in Ethereum. Ether surged to an all-time high of $4,953 on 24 August before reversing almost 8% to under $4,400 a day later, erasing some $61 billion in market value. Other major coins, including Solana and Dogecoin, also fell as investors pared exposure to digital assets. Analytics firm CoinGlass estimated that more than $900 million in leveraged crypto positions were wiped out over the past 24 hours, led by about $320 million tied to Ether and $210 million to Bitcoin. Market data indicated the rout was exacerbated by a single block sale of 24,000 BTC—worth roughly $2.5 billion—while traders weighed a less certain U.S. rate-cut outlook and broader risk-off sentiment in global markets.