%Bitcoin (CRYPTO: $BTC), the largest %Cryptocurrency by market capitalization, is currently trading at $114,950 U.S.
BTC has fallen below the key level of $115,000 U.S. as the crypto rally stalls and investors assess the ongoing situation with tariffs and the American economy.
Bitcoin has endured a sharp drop to begin the month of August that has erased nearly $6,000 U.S. from its price and triggered over $1 billion U.S. in liquidations.
Crypto analysts say that sentiment remains fragile amid a fresh round of tariffs and choppy flows into spot Bitcoin exchange-traded funds (ETFs).
Bitcoin has traded as low as $114,200 U.S. over the past day as its price continues to fall from the record level of $123,000 U.S. it reached in July of this year.
BTC is also experiencing downward pressure as investors rotate capital into other cryptocurrencies known as “altcoins.”
%Ethereum (CRYPTO: $ETH), in particular, is benefiting from the current decline in Bitcoin. Over the past month, Ethereum’s price has risen nearly 50%.
Analysts also note that there are a growing number of bearish bets against Bitcoin being taken out by options traders, suggesting that the price could continue to fall in the near-term.
Still, many analysts remain long-term bullish on Bitcoin, with some forecasting that its price will top $200,000 U.S. in the next 12 months.
So far in 2025, BTC has increased 23%, outpacing stocks.
