Bitcoin News Today: Bitcoin Retreats 7% Amid Inflation Concerns, Cardano Surges 20% in Week

The crypto market is navigating a period of consolidation and reallocation, with Bitcoin facing pressure after hitting record highs, while Cardano demonstrates strong resilience and emerging altcoins like MAGACOIN FINANCE attract investor attention. Bitcoin, which surged past $124,000, has retreated to the $115,000 range amid profit-taking and weaker-than-expected U.S. inflation data that has dampened expectations of near-term rate cuts [1]. The pullback has intensified concerns over whether the move signals a broader downturn or a temporary correction [2]. Analysts suggest the $110,000 to $115,000 zone could provide a potential base for a new rally [3].

Meanwhile, Cardano’s native token ADA has shown remarkable strength, surging nearly 10% in a single session on August 20 to reach $0.93—the highest in five months [4]. This performance has propelled ADA’s market capitalization to around $33 billion, surpassing Dogecoin and TRON in the rankings [5]. Over the past week, ADA has gained approximately 20%, positioning it as a top-performing altcoin despite the broader market selloff [6].

Technical indicators and institutional support are reinforcing optimism. ADA’s breakout from a descending channel has been interpreted as a bullish continuation pattern [1]. A TD Sequential countdown reaching "9" and potential A13 setup have further fueled speculation about a market reversal [1]. Analysts predict a potential rebound if ADA remains above the $0.9156 support level [1]. Breaking through $1.25 could open the door to a broader bull run, with $1.50 as the next major resistance. However, failure to surpass this level could lead to a retracement toward $0.53 [1].

Institutional activity is also gaining momentum. Grayscale has increased exposure to ADA, and rumors of an ADA-focused ETF have raised expectations of significant inflows [1]. Ongoing upgrades like ADAV2 are expected to enhance scalability and smart contract capabilities, further supporting long-term optimism [1].

Amid these developments, a new altcoin, MAGACOIN FINANCE, is drawing attention for its explosive growth potential. Early backers are eyeing projections of a 12,500% surge if the project achieves its roadmap milestones [1]. With strong community backing, security audits, and an expanding ecosystem, MAGACOIN FINANCE is positioning itself as a key contender for early-mover advantages before hitting major exchanges [1].

The broader market is being shaped by institutional inflows, which are increasingly directing capital toward altcoins with real utility and development pipelines [1]. As Bitcoin consolidates near its new price floor, analysts suggest a growing likelihood of funds rotating into altcoins with strong fundamentals, staking benefits, and clear use cases [1]. This shift could mark the start of a new "altcoin season," where projects like Cardano and emerging presales gain prominence [1].

Despite short-term volatility, the crypto market’s outlook for late 2025 remains optimistic. Bitcoin’s pullback is seen as a healthy reset, Cardano is strengthening with technical and institutional support, and MAGACOIN FINANCE offers a rare opportunity for investors chasing exponential growth [1]. With multiple catalysts ahead, the stage is set for renewed excitement across both established coins and emerging projects [1].

Source: [1] Cardano Defies Market Dip With 20% Weekly Surge https://www.mitrade.com/insights/news/live-news/article-3-1053416-20250820

[2] XRP, Solana, Cardano and Layer Brett https://coincentral.com/best-crypto-to-buy-now-before-prices-go-parabolic-in-september-xrp-solana-cardano-and-layer-brett/

[3] Cardano Climbs To 8th, Pushing Dogecoin And TRON https://www.mitrade.com/au/insights/news/live-news/article-3-1054403-20250820

[4] Cold Wallet, Monero, Cardano, Ethereum: 2025's Top https://www.crypto-reporter.com/news/cold-wallets-3423-roi-potential-joins-xmr-ada-eth-as-2025s-top-bullish-cryptos-107402/

[5] Bargain Hunters Emerge as Bitcoin Remains Under Pressure https://www.coindesk.com/daybook-us/2025/08/19/bargain-hunters-emerge-as-bitcoin-remains-under-pressure-crypto-daybook-americas

[6] Bitcoin Sells Off: Will ETH, BNB, LINK, MNT Recover First? https://cointelegraph.com/news/bitcoin-falls-closer-to-dollar110k-support-will-a-bounce-supercharge-eth-bnb-link-mnt

[8] Bitcoin Faces Rocky Path As Economic Pressures Mount https://www.fastbull.com/news-detail/bitcoin-menghadapi-laluan-berbatu-apabila-tekanan-ekonomi-memuncak-4340337_14

[10] Analyst Spot Possible Reversal for Cardano Price https://www.coingabbar.com/en/price-prediction/cardano-ada-price-movements-potential-reversal-technical-analysis?srsltid=AfmBOoojQxaTsN6i5hDotSAUoGLQy5XqaHexhn9TRyxAiT5hkBrG9LcF