The bitcoin price USD remains a focal point for traders, investors, and curious onlookers alike. As of today, the value hovers just above $112,000, marking a volatile yet promising phase in BTC’s ongoing saga.
Current Price Snapshot
CoinMarketCap reports a live BTC price of approximately $112,000, with a 24-hour trading volume exceeding $61 billion CoinMarketCap.
CoinDesk logs Bitcoin at about $112,193.93 USD as of 12:14 am EDT (Aug 28), alongside a market cap nearing $2.23 trillion CoinDesk.
CoinGecko brings a community-favored range of $110,464 to $112,555 in the past 24 hours, listing the current price in line with other sourcesCoinGecko.
Together, these figures establish a real-time window into BTC’s value—reflecting market sentiment, liquidity, and macroeconomic influences.
Recent Trends & Price Action
Bitcoin’s momentum has recently shifted, seeing a slide to its lowest level in approximately seven weeks, trading around $111,375.99, a roughly 10% drop from its mid-August peak of $124,457
The Economic Times
Week-over-week performance remains tepid, with BTC down over 4% and stuck near $110,186, following an earlier rally triggered by U.S. Federal Reserve rate-cut expectations
The Economic Times
. On August 26, technical analysis painted a cautious picture: BTC briefly dipped to $108,700, a 12% decline from its recent high. Observers flagged this as a potential bear trap, with critical support at $107,000 and further downside risk toward $100,000 if buying momentum fails to rebound Investopedia.
Despite the downward pressure, optimism remains: Bitcoin has reclaimed its 100-day exponential moving average (EMA) around $110,850, prompting forecasts that BTC might surge toward $117,000
Cointelegraph
Moreover, technical analysts eyeing the last quarter suggest BTC could climb to $150,000–$160,000, fueled by seasonal strength and institutional inflows
Trading News
Cointelegraph Intriguingly, Bitcoin’s hash rate is near all-time highs—which historically signals network resilience and may aid price recovery FX Leaders.
Why “Bitcoin Price USD” Matters Now
Macro & Regulatory Drivers
Investor sentiment remains sensitive to U.S. Federal Reserve policies. Hints of interest-rate cuts, along with rising institutional involvement via ETFs and corporate treasuries, help drive demand. Meanwhile, network fundamentals—such as soaring hash rates—reinforce BTC’s long-term store-of-value narrative.
Technical Pivots & Market Cycles
Historically, Bitcoin navigates distinct phases throughout the year. Q4 tends to bring renewed bullish momentum, with many anticipating price rallies on signals of regulatory clarity and macroeconomic easing.
Importance for Investors
For traders, watching levels like $110K, $112K, $117K, and even $150–160K frames essential decision points. Whether it’s gauging entry opportunities during dips or assessing breakouts for momentum plays, understanding the bitcoin price USD chart is vital to timing strategies.
