Bitcoin News Today: Bitcoin Slides Below $115,200 as U.S. Tariffs Spur Sell-Off, Crypto Market Dips 3.82%

Bitcoin dipped below $115,200 in early August 2025 amid heightened market uncertainty triggered by U.S. tariff announcements, prompting a wave of profit-taking and leveraged liquidations across the cryptocurrency market [1]. The selloff affected major cryptocurrencies, with Ethereum declining nearly 5.5% to $3,663, Solana and Dogecoin falling over 6% and 8% respectively, and the total crypto market capitalization shrinking by 3.82% to $3.75 trillion [1].

The U.S. government’s proposed tariffs on key imports created a risk-off sentiment among investors, leading to a significant shift in capital allocation away from volatile assets like crypto [1]. Over $630 million in leveraged positions were liquidated within 24 hours, primarily from long traders caught in a sudden intraday reversal [1]. Analysts attributed the drop to macroeconomic concerns, including the Federal Reserve’s warnings about slowing economic growth [1].

Ethereum briefly touched $3,600 before rebounding slightly due to retail buying and continued inflows into spot ETFs, which have now accumulated $21.85 billion [1]. Solana, a high-performance blockchain, experienced one of the steepest declines, reflecting broader market concerns about regulatory and economic headwinds [1]. Dogecoin, driven largely by retail enthusiasm, also fell in line with the broader trend, shedding nearly 8% during the selloff [1].

Despite the sharp corrections, analysts remain cautiously optimistic about the long-term outlook. Vikram Subburaj of Giottus emphasized that Bitcoin’s $115,000 level remains a key support, noting that as long as it holds, the broader uptrend remains intact [1]. Similarly, Parth Srivastava of 9Point Capital pointed to strong institutional demand and a potential breakout in the fourth quarter if the market consolidates [1].

The BTC options market also shows bullish expectations, with a Put-Call Ratio of 0.65 and a visible buildup of call options between $116,000 and $120,000 [1]. Meanwhile, unwinding of put positions near $109,000–$111,000 indicates weakening bearish sentiment [1].

While the short-term volatility raises concerns, analysts argue that the market is still in a healthy “buy-the-dip” phase, with Bitcoin closing July at its highest monthly level ever above $115,000 [1]. Tether’s Q2 profit of $4.9 billion further underscores growing confidence in stablecoins, particularly in the U.S. regulatory environment [1].

The market remains in a wait-and-see mode, with traders closely watching for further developments in U.S. trade policy and economic indicators [1].

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Source:

[1] The Economic Times, https://m.economictimes.com/markets/cryptocurrency/crypto-news/bitcoin-slips-below-115200-as-u-s-tariffs-rattle-markets-ethereum-solana-dogecoin-fall-up-to-8/articleshow/123038529.cms