Catenaa, Tuesday, August 26, 2025- Bitcoin slipped under $110,000 on Monday night, its lowest level in more than six weeks, as investors rotated out of digital assets amid rising macroeconomic uncertainty.
The world’s largest cryptocurrency traded at $109,317 by 9 p.m. ET, down 2.9% in 24 hours.
The decline followed a brief rally Friday after Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut during his Jackson Hole speech.
Analysts say that the correction was driven by a mix of profit-taking, technical resistance, and shifting rate expectations.
Thay also say that Bitcoin’s failure to sustain momentum after touching $117,000 signaled fading bullish strength.
Market sentiment worsened after reports of a whale investor selling 24,000 BTC worth $2.6 billion triggered widespread liquidations in derivatives markets.
Adding to uncertainty, President Donald Trump announced the dismissal of Federal Reserve Governor Lisa Cook, a move that raised fresh questions about the central bank’s independence.
Technical analysts see key support levels at $105,000 and $100,000, with upside capped near $118,000 until macro conditions stabilize.
The risk-off mood extended across the crypto market.
Ethereum, Solana, XRP and BNB also seen sliding during the last few days.
Lucas said liquidations across crypto exceeded $900 million in a single session.
CoinShares also reported $1.43 billion in exchange-traded product outflows last week, exhibiting a broader retreat from digital assets.
