Bitcoin Falls 3.4% to $113,240 Amid Inflation Concerns

On August 22, 2025, Bitcoin traded at approximately $113,240, down 3.4% from previous highs. The price fell from $120,050 to around $112,990, a decline of about 6% since last Friday.

Market Reaction and Analyst Insights

Mike McGlone from Bloomberg Intelligence noted that the concurrent rise in equities, Treasury yields, gold, and Bitcoin could lead to inflationary pressures.
He suggested that continued gains in risk assets might prompt the Federal Reserve to adopt tighter policies, countering calls for easing from President Trump.
The market saw profit-taking after recent spikes, with traders adjusting positions ahead of upcoming Fed commentary at Jackson Hole.
The recent volatility is within historical norms but significant for major holders and quick-moving funds.

Support Levels and Price Targets

Key support levels around $112,000 are being monitored.
Analysts are divided on future Bitcoin prices; some predict a rise to $200,000 if institutional demand remains strong.
Others suggest a more conservative peak between $140,000 and $150,000 in the near term.
McGlone cautions that downside risks exist if the Fed tightens monetary policy.