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Bitcoin Price Is Going Down as Market Stress Tests Bulls Before Jackson Hole
Bitcoin's (BTC) price spectacular run to record highs above $124,000 has hit turbulence, with the world's largest cryptocurrency now trading around $115,000, a drop of roughly 7% from its peak just weeks ago. This pullback isn't happening in isolation. The entire crypto market is wrestling with a perfect storm of profit-taking, leverage cleanup, and Fed policy uncertainty that's testing even the most bullish investors. The crypto market witnessed brutal liquidations totaling over $1 billion in recent days, with $270 million wiped out in a single session. Long positions, bets that prices would rise, accounted for the ... (full story)
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From finance.yahoo.com | Aug 18, 2025
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