Bitcoin News Today: Bitcoin Slides Below $113,000 Amid Geopolitical Tensions and Macroeconomic Concerns

Bitcoin’s price has plunged further into bearish territory, falling below $113,000 on Friday as global macroeconomic uncertainty and geopolitical tensions weigh on market sentiment. The flagship cryptocurrency hit an intraday low of $112,792 during the selloff, triggering over $900 million in liquidations in the past 24 hours. According to CoinGlass, $823 million of these losses came from long positions, suggesting investors had anticipated a price increase before the downturn [1].

The decline follows a weaker-than-expected U.S. jobs report and a new round of sweeping tariffs imposed by the Trump administration on key trade partners, which have created widespread uncertainty across traditional and cryptocurrency markets. Additionally, Trump’s announcement to send nuclear submarines toward Russian waters has heightened geopolitical risks, further dampening investor confidence [1].

Analysts warn that the bearish trend could continue through August and September, with BTC potentially falling below $100,000 before a possible rebound in the fourth quarter [1]. Market analytics firm Swissblock noted that the recent pullback resembles a “failed breakout zone” and described the current price action as a “pause rather than a breakdown.” It emphasized that the market is in a “cooling” phase rather than a “capitulation” stage, with moderate selling pressure observed but not extreme [1].

Meanwhile, institutional adoption continues despite the downturn. Marti Technologies has announced a new corporate treasury strategy, allocating 20% of its cash reserves to Bitcoin and possibly expanding the allocation to 50% to include Ethereum and Solana [1]. The company’s CEO, Oguz Alper Oktem, stated that the move reflects a long-term belief in Bitcoin’s role as a store of value and inflation hedge [1].

Bitcoin’s price action over the past week has been marked by significant volatility. The cryptocurrency briefly reclaimed $119,000 in early trading but has since struggled to maintain upward momentum. It fell to an intraday low of $112,793, breaching a key support level before showing a marginal recovery to around $113,733. The recent performance indicates a shift in investor sentiment, with derivatives activity playing a major role in the price fluctuations [1].

CryptoQuant highlighted that sudden changes in leveraged positions and heavy selling pressure on major exchanges have contributed to the ongoing volatility [1]. The next few days will be critical in determining whether the price breaks below the key support level or experiences a strong bounce.

Source: [1] Bitcoin Price Analysis: BTC Sinks Deeper Into Bearish Territory As Price Falls Below $113,000 (https://bitzo.com/2025/08/bitcoin-price-analysis-btc-sinks-deeper-into-bearish-territory-as-price-falls-below-113000)