Crypto Market Edges Higher: Bitcoin Tests $115K Amid Uncertainty

The cryptocurrency market is showing signs of resilience today, with most assets trading in the green. However, uncertainty lingers as Bitcoin tests the $115,000 level.

Over the past 24 hours, bulls have gained a slight edge, pushing prices higher amid subdued volatility. Global geopolitical conflicts and trade barriers are fueling tensions, while the U.S. economy plays a key role in recent market movements.

Investors are closely watching for developments that could sway the direction of digital assets.

Bitcoin Flirts with $ 115,000

In the last day, Bitcoin’s price rose by about 0.8%, once again challenging the $115,000 mark. Sellers tried to drive it below $114,000—as reported in yesterday’s market analysis—but failed to gain traction.

Volatility has been low, especially for Bitcoin, which is evident in the liquidation data. BTC saw $18 million in liquidations, while Ethereum led with $50 million. Overall, the market recorded around $146 million in liquidations, below average and signaling quieter trading in derivatives.

Markets seem to be in a consolidation phase, awaiting more details on potential tariffs and the Federal Reserve’s interest rate policy. According to Polymarket, there’s a 75% chance of a 25 basis point rate cut in September.

Altcoins in Green, But Nothing Spectacular

A glance at the cryptocurrency heatmap reveals most altcoins in positive territory, though large-cap gains remain modest.

Ethereum experienced some ups and downs but ended up 2.6% higher, a win for the bulls. Other leaders like DOGE, XLM, SUI, SOL, LINK, and BNB followed suit, rising between 1% and 5%. Among the top 100 coins, POL led the pack with a 9% surge, followed by Ethena (ENA) at 8.3% and Mantle (MNT) at 5.8%.

Overall, the altcoin rally feels steady but far from explosive, reflecting the broader market’s wait-and-see approach.

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