Bitcoin Teases $115K Amid Crypto Market Jitters: Bulls vs. Bears Showdown
Bitcoin dances dangerously close to a staggering $115,000—flashing bullish signals while the broader market holds its breath. Is this the breakout or another headfake?
The crypto rollercoaster refuses to stop. Traders cling to volatility like Wall Street clings to outdated fee models.
Key levels to watch: A clean break above $115K could trigger FOMO rallies, while rejection here might send BTC back to test support. Altcoins twitch nervously—always the first to bleed when Bitcoin sneezes.
Meanwhile, traditional finance 'experts' still can't decide if crypto is dead or about to eat their lunch. Spoiler: It's both.
Bitcoin Price Flirts With $115,000
The past 24 hours saw BTC’s price increase by around 0.8% and attack the $115,000 level yet again. The sellers attempted a push below $114,000, as CryptoPotato reported in yesterday’s market watch, but were unsuccessful.
Regardless, the volatility has been relatively minimal, particularly when speaking about Bitcoin, which is also reflected in the liquidations over the discussed period. BTC accounted for $18 million, while ETH took center stage and accounted for $50 million worth of liquidated positions.
Data from Coinglass shows that the total number is around $146 million, which is less than what’s typical, highlighting subdued trading activity across the derivatives markets over the past 24 hours.
It appears that the markets are consolidating and waiting for some sort of further clarity on the matter of tariffs, as well as the direction of the US Federal Reserve policy in regards to interest rates. Polymarket currently indicates a 79% chance of a 25 bps rate cut in September.
Altcoins in Green but Nothing Extraordinary
As you will notice in the cryptocurrency heatmap below, most of the altcoins are trading in the green. However, from the large caps, there is nothing too extraordinary.
As mentioned, ETH went through some volatility and, fortunately for the bulls, it resolved to the upside, gaining around 2.6% in the interim. DOGE, XLM, SUI, SOL, LINK, BNB, and pretty much all of the other leading altcoins are also gaining between 1% and 5%.
Out of the top 100 coins, the best performer is POL, which is up by 9%, followed by Ethena (ENA) with 8.3% and Mantle (MNT) with 5.8%.
