Bitcoin Surges Toward $115K as Fearless Traders Gobble Up the Dip

Bitcoin's bull run isn't done yet—price action flirts with $115K as traders double down on 'buy low' strategies.

Market Psychology at Play: The king of crypto shakes off bearish whispers as institutional money keeps flowing in. Retail FOMO? Probably brewing.

Wall Street Analysts (Predictably) Divided: 'This time it's different' crowd clashes with permabears still waiting for that 'imminent' collapse since 2013.

Closing Thought: Whether this pumps or dumps, one thing's certain—your bank's 'crypto advisory fee' just got 30% more expensive.

Altcoins Follow Bitcoin’s Lead

The rebound wasn’t limited to Bitcoin. Other major digital assets posted similar gains:

• Ethereum (ETH) rose by 3.12%, reaching $3,549

• XRP jumped 6.32% to hit the $3 mark

• Solana (SOL) added 1.66% to trade at $163.69

The sudden bounce reflects growing Optimism among investors who appear to be buying the dip, following signs of weakening macroeconomic conditions in the U.S.

Jobs Data Triggers Risk-Off Sentiment

The initial selloff last week was triggered by disappointing labor market data. The U.S. nonfarm payrolls report for July showed only 73,000 jobs added, well below market expectations. This unexpected slowdown in job growth raised concerns about the health of the U.S. economy and led to widespread selling across equities and crypto markets alike.

“The recent market dip appears to have been triggered by a broader risk-off sentiment following the disappointing July U.S. nonfarm payrolls report,” explained Min Jung, a research analyst at Presto Research.

Coupled with a decline in the stock market, crypto traders took profits after a strong multi-week rally. But as prices fell sharply, institutional investors quickly stepped in to accumulate assets at lower levels.

Institutional Buyers Move In

“Whenever there’s a dip, it doesn’t last very long as buyers come in very quickly to take advantage of the opportunity,” said Jeff Mei, Chief Operating Officer at crypto exchange BTSE.

He noted that long-term holders and institutions appear to be behind the recent wave of buying. According to Mei, the surge of traditional finance (TradFi) institutions entering the crypto space through partnerships and treasury allocations suggests growing confidence in digital assets.

“With the recent flurry of crypto treasury companies buying assets and TradFi institutions rolling out crypto services, we expect Bitcoin’s monthly closes to trend higher over time,” Mei added.

Traders Turn Cautiously Optimistic

Despite lingering macro uncertainty, market sentiment has improved slightly. According to Vincent Liu, Chief Investment Officer at Kronos Research, traders are becoming more willing to take on risk again, supported by favorable indicators.

“The Fear and Greed Index is tilting toward greed, showing improving sentiment,” Liu said. “Traders are leaning back into risk, supported by whale buying and hopes for eventual rate cuts.”

All Eyes on U.S. CPI Report

Now, attention is turning to the upcoming Consumer Price Index (CPI) report for July, scheduled for release on August 12. The CPI is a key indicator of inflation and could significantly influence the Federal Reserve’s next interest rate decision.

At its last Federal Open Market Committee (FOMC) meeting on July 30, the Fed opted to hold interest rates steady. However, Fed Chair Jerome Powell hinted that a September rate cut was far from guaranteed, emphasizing that decisions will depend on forthcoming data.

Nonetheless, the CME FedWatch Tool shows that traders are pricing in an 80.8% chance of a 0.25% rate cut, bringing rates down to 4.00–4.25% at the September 17 meeting.

If inflation shows signs of easing, markets may rally on renewed rate cut expectations. Conversely, a hot CPI reading could reignite fears of prolonged high interest rates.

Regulatory Outlook Brightens

Adding to the longer-term bullish sentiment, the U.S. Securities and Exchange Commission (SEC) recently introduced “Project Crypto,” an initiative designed to modernize crypto regulation.

According to Liu, the project could provide much-needed regulatory clarity: “The SEC’s ‘Project Crypto’ is set to modernize regulations by clarifying token classifications and introducing an innovation exemption for DeFi,” he said.

This could foster innovation, attract capital to decentralized finance (DeFi), and reduce legal uncertainty, further boosting investor confidence.

Conclusion

Bitcoin’s rebound NEAR $115,000 signals a cautiously optimistic return of buying interest in the crypto market. While macroeconomic uncertainty still casts a shadow, rising institutional activity, improving sentiment indicators, and upcoming CPI data could drive the next major move. Investors and traders alike will be watching closely to see whether this recovery marks the beginning of a broader rally—or just another pause in a volatile market.