Bitcoin dropped sharply today, falling as much as 7% from its August 14 all-time high to reach lows near $115,000 and closing around $115,226–$116,757, driven by heavy profit-taking and investor caution following the Jackson Hole economic symposium and hotter-than-expected U.S. inflation data. The selloff wiped out $1.9trillion in crypto market capitalization over the last four days, with analysts noting that each correction in 2025 has been smaller than the last, showing increased market maturity. Despite this downturn, institutional interest remained strong, highlighted by Tokyo-listed Meta planet buying 775 more BTC and now holding nearly 19,000 coins, while forecasts suggest Bitcoin could rebound if key support around $115,000 holds, but a break below could trigger further declines

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