The price of Bitcoin fell by about 0.8%, hovering around 112,900 USD after reaching a historical high of over 124,000 USD in early August.

This pullback is described as a normal correction, particularly in anticipation of the Fed's speech by its chairman Jerome Powell at the Jackson Hole symposium.

Since the peak, Bitcoin has lost nearly 8% in August, which is seen as a normalization after a bullish rally.

The entire crypto market is slightly down (~ -0.9%), under pressure from macroeconomic uncertainties.

A notable movement: a Bitcoin whale awakened after 7 years has reallocated its funds to 270 million USD in Ethereum, suggesting a strategic repositioning.

A Bernstein analysis projects an extended bullish cycle until 2027, with a possible target of 200,000 USD, although other analysts remain more cautious (140–150,000 USD by the end of 2025).

Meanwhile, some investors are taking profits anticipating a very cautious tone from the Fed, thereby reducing their positions in crypto.