On Monday, August 25, it lost strength and retreated to levels of $111,000, with market dominance returning to 58% and the main altcoins in red.
This drop coincides with the outflow of liquid capital from the market and the possible realization of profits made with Bitcoin last Friday, August 22, following the very optimistic speech by Federal Reserve President Jerome Powell regarding a possible interest rate cut.
However, the speech of #Powell was also marked by the possibility of a surge in inflation, as Powell has mentioned in previous discussions, due to Donald Trump's trade war. Meanwhile, it remains to be seen how the month will close for the price of Bitcoin.
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