Bitcoin News Today: Bitcoin Surges to $115,000 Amid Volatility But Retreats Slightly

Bitcoin's price briefly surged to $115,000 amid heightened market volatility, as reported by Watcher Guru on August 4, 2025 [1]. However, this milestone was not confirmed by major cryptocurrency exchanges or official Bitcoin developers [2]. The fluctuation occurred against a backdrop of significant liquidity shifts and active trading in technical analysis patterns, though no institutional commentary emerged to validate or contextualize the movement [3].

The price movement triggered a rapid market reaction, with approximately $125 million in liquidations occurring in the 60 minutes following the peak [1]. This volatility also impacted other digital assets, particularly Ethereum, which saw gains amid the broader market turbulence [3]. Despite the brief jump to $115,000, Bitcoin’s price subsequently corrected slightly, trading at around $114,260 as of the latest reports [2].

Over the past 24 hours, Bitcoin has shown a 0.8% increase, while the broader cryptocurrency market experienced mixed performance. Altcoins displayed relative strength, with Ethereum rising 3% to $3,559, XRP rebounding above $3, and BNB, SOL, and DOGE posting gains [3]. The altcoin rally followed a weekend correction, during which Bitcoin reclaimed levels above $114,000 [5].

The market’s turbulence was also influenced by broader macroeconomic factors. The U.S. Federal Reserve’s decision to hold interest rates, combined with geopolitical tensions including new tariffs and responses to Russian actions, contributed to a complex trading environment [5]. Additionally, the cryptocurrency market lost approximately $128 billion in value during the week, with leveraged positions bearing the brunt of the losses. A drop below $114,500 led to nearly $700 million in liquidations of long positions [6].

Analysts have highlighted potential patterns that could influence future price movements. One such pattern, an inverted head and shoulders formation, has led to speculation that Bitcoin could move toward $145,000 if certain technical levels are validated [2]. However, the market remains in a speculative phase, with traders monitoring for signs of a sustained upward trend or a reversal [5].

Robert Kiyosaki, a prominent financial commentator, has raised concerns about what he calls the “Bitcoin August curse,” predicting a possible decline to under $90,000 [8]. While his comments have fueled further speculation, there are no official reports supporting the likelihood of such a drop [5].

Bitcoin’s market dominance currently stands at 60%, with a market cap of $2.28 trillion [5]. The broader crypto market has also shown signs of recovery, with the total market cap rising to $3.8 trillion [5]. However, continued volatility is expected as macroeconomic factors, particularly those related to interest rates and global trade, continue to shape market sentiment [5].

The absence of confirmation from authoritative sources underscores the speculative nature of the current environment. As traders and investors await clearer signals, exchange activity and regulatory developments will remain key indicators of the market’s direction [3]. The interplay between technical analysis, macroeconomic conditions, and trader sentiment will likely dictate Bitcoin’s near-term trajectory [5].

Sources:

[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/)