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Today's Summary of the Latest Bitcoin News.
Bitcoin's price continues to decline today, August 21, 2025, trading at around $113,326. This negative pressure is due to several factors, most notably outflows of $1.9 billion from the two largest cryptocurrencies in the United States over four consecutive sessions. Bitcoin has dropped by 0.7% to record $113,624, reaching 9% lower than its recent peak of $124,514.
Traders are anxious as they await the anticipated speech from Federal Reserve Chairman Jerome Powell. However, some analysts believe that these fluctuations may just be speculative, and they expect a rise in Bitcoin's price following Powell's speech. It is worth noting that the price of Ethereum, the second-largest cryptocurrency, has decreased by 1.6% to $4,288.
It is important to note that the cryptocurrency market is going through a profit-taking phase after reaching record levels. In this context,
Risk Disclaimer: Trading cryptocurrencies involves very high risks. Prices can change significantly, and you may lose a substantial part or all of your investment.
Stay tuned for more cryptocurrency news.
#builtonsolayer @Solayer _labs
