Bitcoin News Today: Bitcoin Flat Amid Trump Tariffs as Hashrate Nears 1 Zettahash

Bitcoin’s price remained relatively flat over the past 24 hours, hovering around $115,550 as it failed to sustain levels above $117,000, following a muted market reaction to President Trump’s newly announced trade tariffs [1]. The U.S. president imposed significant tariffs, including 39% on Switzerland and 35% on Canada, triggering immediate uncertainty in global trade channels and prompting affected nations to seek diplomatic resolutions [1]. Despite the potential economic implications, Bitcoin's price did not register a strong directional movement, maintaining a relatively neutral stance amid the volatility.

Meanwhile, the Bitcoin hashrate reached a new milestone, climbing to 976 EH/S on Friday afternoon—just 24 EH/S shy of the 1 zettahash threshold [1]. This increase indicates the continued expansion and security of the Bitcoin network. According to Hashrateindex.com, the hashrate remained on an upward trajectory, with Foundry contributing the largest share at 278 EH/S, followed by Antpool at 175 EH/S and ViaBTC at 128 EH/S [1]. The seven-day simple moving average (SMA) is a key metric used to evaluate network stability and miner activity.

In the financial services sector, Acacia Research has announced a partnership with Unchained Capital and Build Asset Management to develop a commercial loan strategy backed by Bitcoin [1]. This initiative aims to leverage Bitcoin as collateral for fully recourse loans, providing liquidity to Bitcoin holders while generating risk-adjusted returns for shareholders. Acacia Research CEO Martin D. McNulty emphasized the opportunity for Bitcoin holders to maintain ownership while accessing capital through this innovative financial product [1].

Institutional adoption of Bitcoin continues to gain momentum. Harvard University and Brown University have both invested in BlackRock’s iShares Bitcoin Trust, with Harvard holding $116 million in the ETF and Brown holding $13 million [1]. This marks another significant step in the normalization of Bitcoin as an institutional asset. BlackRock’s IBIT remains the most successful crypto ETF, with over $86 billion in assets under management, offering investors exposure to Bitcoin through regulated investment vehicles without the need for direct ownership [1].

Price analysis indicates that Bitcoin is currently navigating a period of uncertainty as traditional market dynamics and macroeconomic forces begin to reshape its historical cycles. Historically, Bitcoin followed a four-year price cycle aligned with the halving event, where price peaks typically occurred a year after the halving [1]. However, the emergence of U.S. spot Bitcoin ETFs, increased institutional interest, and a more mature market structure are causing deviations from this pattern. Analysts note that previous correction cycles have seen Bitcoin fall more than 70%, but the current correction is at 26%, suggesting a more tempered bearish movement [1].

BTC began the previous weekend in negative territory, slipping below $114,000 before recovering on Sunday. Over the following days, it fluctuated between $112,707 and $117,483, reflecting a struggle between bullish and bearish forces. On Wednesday, the price rose nearly 1%, reclaiming $115,000, before posting a 2% rally on Thursday to surpass $117,000 [1]. However, this momentum faded on Friday, with BTC dropping 0.83% to settle at $116,512 as the current session sees buyers and sellers in a stalemate [1].

Experts suggest that future corrections may range between 30% and 50%, making Bitcoin increasingly attractive to institutional investors [1]. The evolving landscape indicates a market that is becoming less predictable and more influenced by macroeconomic and institutional factors than by historical patterns alone.

Source: [1] Bitcoin Price Analysis: BTC Flat As President Trump Announces New Trade Tariffs (https://bitzo.com/2025/08/bitcoin-price-analysis-btc-flat-as-president-trump-announces-new-trade-tariffs)