Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis.\u00a0<\/span><\/p>\n ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis.<\/span><\/p>\n The primary cryptocurrency briefly surged past $122,000 on August 11, while its market capitalization reached almost $2.5 trillion.<\/span><\/p>\n Instead of tapping a new all-time high, though, BTC headed down in the following hours. <\/span>At one point, the price slipped below $118,500<\/span>, whereas<\/span> currently the asset trades just south of $119,000.<\/span><\/p>\n It is <\/span>important<\/span> to note that the coming hours may bring <\/span>additional<\/span> volatility for BTC and the broader <\/span>crypto<\/span> market.<\/span> The US CPI (Consumer Price Index) report is <\/span>scheduled<\/span><\/a> for release today, and expectations are that inflation in the world\u2019s largest economy will mark a slight increase.<\/span><\/p>\n The data is closely monitored by the Federal Reserve and may <\/span>affect<\/span> its decision to cut interest rates next month <\/span>potentially<\/span>.<\/span> On the other hand, softer-than-forecast inflation could spark a crypto rally by reviving hopes for easier monetary policy after the next FOMC meeting.<\/span><\/p>\n BTC\u2019s market capitalization has retreated to approximately $2.36 trillion, but it remains the sixth-largest asset in the world. Its dominance against the altcoins slightly increased to around 58.6%.\u00a0<\/span><\/p>\n In contrast to BTC, Ethereum (ETH) did not take its foot off the gas pedal. <\/span>Its price currently stands at over $4,300, representing <\/span>an impressive<\/span> 45% increase on a monthly <\/span>scale<\/span>.<\/span>\u00a0<\/span><\/p>\n Other altcoins that have posted some gains over the last 24 hours include Bitcoin Cash (BCH), TRON (TRX), and Toncoin (TON).<\/span><\/p>\n However, those in red territory outnumber the gainers. The price of Story (IP) tumbled by 16%, Bonk (BONK) and Pudgy Penguins (PNGU) plunged by 12% each, whereas Pi Network (PI) declined by 7%.\u00a0<\/span><\/p>\n The total crypto market capitalization retreated to $4.04 trillion, representing a 2% decline from yesterday\u2019s figure.<\/span><\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nBTC Couldn\u2019t Keep the Momentum<\/span><\/h2>\n
These Alts Bleed Out Heavily<\/span><\/h2>\n
![\"Cryptocurrency](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTC-Price-1.png\")
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