Bitcoin price today: slips below $115k amid geopolitical risks, Fed caution

Investing.com-- Bitcoin fell below $115,000 on Tuesday, drifting further from recent record highs, as investors assessed Federal Reserve easing bets and geopolitical risks around potential Russia-Ukraine talks for a peace deal.

The world’s largest cryptocurrency last traded 0.3% lower at $114,990.7 as of 02:21 ET (06:21 GMT).

It climbed to a record above $124,000 last week but pulled back after hotter-than-expected U.S. producer, import price data rekindled tariff-driven inflation concerns.

Other tokens were also rangebound on Tuesday, with analysts suggesting crypto markets have moved back to a consolidation phase.

Geopolitical uncertainty dims risk appetite

Investors responded to Monday’s White House summit, where U.S. President Donald Trump hosted Ukrainian President Volodymyr Zelenskiy and European leaders to discuss future peace efforts.

Trump signaled he was arranging direct talks with both Moscow and Kyiv and even hinted at a potential trilateral summit. While Zelenskiy expressed guarded optimism, no concrete agreements emerged, raising geopolitical uncertainty.

That sentiment has weighed on cryptocurrencies, traditionally sensitive to shifts in risk appetite.

Fed policy uncertainty adds to crypto headwinds

Markets are also bracing for the Federal Reserve’s annual symposium in Jackson Hole, where Chair Jerome Powell will speak on Friday.

Traders have softened expectations for a larger cut in September, with futures now pricing in roughly an 83% chance of a 25-basis-point reduction, down from prior optimism for a more aggressive move.

Recent U.S. inflation data, especially hotter-than-expected producer prices, have dampened hopes for aggressive monetary easing, sapping momentum from risk-sensitive assets like Bitcoin.

Crypto price today: altcoins subdued amid rsk-off mood

Most altcoins traded in tight ranges as traders sought clarity around major macro developments.

World no.2 crypto Ethereum fell 0.3% to $4,230.60, after jumping near record high levels last week.

World no. 3 crypto XRP rose 1.5% to $3.017.

Solana fell 0.9%, while Cardano gained 1.2%. Polygon jumped 5.6%, bucking the regional trend.

Among meme tokens, Dogecoin fell 2%, while $TRUMP edged 0.2% higher.