Bitcoin News Today: Bitcoin Surges Past $115,000 Amid Volatility and $125M Liquidations

Bitcoin briefly surged above $115,000 on August 4, 2025, marking a momentary price milestone amid heightened volatility and significant market reactions [1]. The sharp rise was followed by a rapid correction, with the price settling slightly below $114,500 in subsequent trades. During the spike, approximately $125 million in liquidations were triggered within 60 minutes, as leveraged positions were wiped out amid erratic price swings [1].

The broader cryptocurrency market experienced mixed outcomes. Ethereum rose 3% to $3,559, while altcoins such as XRP, BNB, and SOL also recorded gains [3]. This rally came after a weekend of sharp corrections, during which Bitcoin briefly dipped below $114,500 before stabilizing [5]. The total market cap of the crypto industry stood at $3.8 trillion, with Bitcoin maintaining a 60% dominance [5].

Technical analysts have highlighted potential bullish indicators, including an inverted head and shoulders pattern in Bitcoin’s chart, which could suggest a future price rise to $145,000, provided key resistance levels are validated [2]. However, the market remains speculative, with traders closely monitoring for signs of a sustained upward trend or an impending reversal [5].

The volatility was also influenced by broader macroeconomic factors. The U.S. Federal Reserve’s decision to keep interest rates unchanged, along with geopolitical tensions such as new tariffs and responses to international events, created an unpredictable trading environment [5]. Over the preceding week, the crypto market lost approximately $128 billion in value, with leveraged traders accounting for the majority of the losses [6].

Robert Kiyosaki, a prominent financial commentator, has voiced concerns about what he calls the “Bitcoin August curse,” predicting a potential drop below $90,000 [8]. However, no official data supports this forecast, and the claim has not been confirmed by market participants or institutional analysts [5].

Notably, no official statements from major exchanges such as Binance or Coinbase, nor from Bitcoin Core developers, have confirmed the $115,000 level, leaving the event in a gray area of speculative activity [2]. The market’s sensitivity to macroeconomic developments and geopolitical shifts means that the coming weeks will be critical in determining whether Bitcoin can consolidate above $114,500 or face further downward pressure [5].

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Source:

[1] Cryptocurrency Live News & Updates : Bitcoin Could ...

(https://m.economictimes.com/crypto-news-today-live-04-aug-2025/liveblog/123081462.cms)

[2] Bitcoin Completes Inverted Head & Shoulders Pattern ...

(https://www.mitrade.com/insights/news/live-news/article-3-1010362-20250804)

[3] Bitcoin Holds Steady as Altcoins Surge 2.5% to 188%

(https://www.ainvest.com/news/bitcoin-news-today-bitcoin-holds-steady-altcoins-surge-2-5-188-2508/)

[5] These Altcoins Rocket After Weekend Correction as BTC ...

(https://cryptoadventure.com/these-altcoins-rocket-after-weekend-correction-as-btc-reclaims-114k-market-watch)

[6] A lot happened in crypto this week. The SEC greenlit in-

(https://www.instagram.com/p/DM6jstWykWV/?hl=en)

[8] Robert Kiyosaki Warns of Bitcoin August Curse | US Crypto ...

(https://beincrypto.com/robert-kiyosaki-bitcoin-august-curse-us-crypto-news/)