Bitcoin News Today: Bitcoin Dips Below $116,000 Amid Fed Policy Concerns and Trump Tariffs

Bitcoin’s price dipped below $116,000 in recent trading sessions, marking a pullback after a strong June. The flagship cryptocurrency closed the week at around $115,100, down nearly 3% from its recent peak. The decline followed a week of mixed performance, with BTC oscillating between $114,385 and $119,603. Analysts suggest bearish sentiment intensified after the Federal Reserve’s FOMC meeting, during which two Trump-appointed officials dissented on monetary policy, raising concerns about the central bank’s independence. The market also reacted to President Trump’s announcement of new tariffs, including a hike in duties on Canada and “reciprocal tariffs” on several other countries. These developments contributed to a broader risk-off sentiment that weighed on BTC and other asset classes[1].

The drop in BTC’s price comes against a backdrop of broader macroeconomic uncertainty and market corrections. Despite the recent weakness, some analysts remain optimistic, suggesting that the pullback may represent a bullish re-test of key support levels. Michael van de Poppe, a crypto analyst and entrepreneur, noted that the current correction is a buying opportunity for investors looking to accumulate positions ahead of a potential rebound later in the year. He added that August could bring a period of stabilization for both Bitcoin and altcoins. Another analyst observed that the inverse “head-and-shoulders” pattern on BTC’s price chart could be forming, with a break below the neckline at $115,000 potentially setting the stage for a resumption of the uptrend[1].

In unrelated but noteworthy developments, blockchain analytics firm Whale Alert recently identified the last known block mined by Satoshi Nakamoto, the presumed creator of Bitcoin. According to the platform’s research, Nakamoto was active in mining until block 54,316 and likely owned approximately 1,125,150 BTC. Whale Alert explained that Nakamoto’s early mining activity was characterized by a deliberate effort to maintain network security, with Patoshi (the early moniker used to describe Nakamoto) mining at a steady rate to prevent 51% attacks. This approach ensured that the network remained decentralized and secure as more miners joined the network[1].

Also, the International Monetary Fund (IMF) proposed a significant update to how national economies are measured, suggesting that Bitcoin and other emerging technologies be incorporated into GDP calculations. The recommendation forms part of the updated “System of National Accounts” (SNA), which aims to reflect the growing role of digital assets in modern economies. The IMF highlighted that, despite Bitcoin’s substantial electricity consumption—comparable to that of Argentina—it is not currently counted in GDP because it does not involve the production of traditional goods or services. The proposed framework would classify certain crypto assets as “non-produced nonfinancial assets,” allowing them to be reflected in national wealth assessments[1].

Meanwhile, investment firm Strategy continued to make headlines with its aggressive Bitcoin strategy. CEO Phong Le reiterated that the company remains undervalued despite posting a $10 billion profit in Q2 2025. The firm announced plans to raise an additional $4.2 billion through a preferred stock offering to further its goal of acquiring $84 billion worth of BTC. Strategy now holds 628,791 BTC, valued at over $73 billion at current prices. The company also raised its full-year “BTC Yield” and “BTC Gain” forecasts to 30% and $20 billion, respectively, up from previous targets. Le emphasized that Strategy is leveraging one of the most innovative technologies in history, yet it remains one of the most misunderstood and undervalued stocks globally[1].

Despite the challenges, Bitcoin’s performance in June was historically strong, closing the month at around $115,500. The broader market environment remains volatile, with macroeconomic factors and geopolitical developments continuing to influence investor sentiment. However, the long-term outlook for Bitcoin remains positive, with analysts and institutional investors continuing to add to their holdings in anticipation of future price appreciation[1].

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[1] https://bitzo.com/2025/08/bitcoin-price-analysis-btc-momentum-loses-steam-as-flagship-cryptocurrency-dips-below-116000