Bitcoin Falls to $113,000, Pulling Back from Its Record Peak

With robust institutional inflows, high on-chain activity, and still trading below its 2021 peak, Ethereum remains “the best macro trade."

Written by: Ignacio Teson • Tuesday, August 19, 2025 • 1 min read

• Last updated: Tuesday, August 19, 2025

Quick overview

Bitcoin (BTC) fell 1.5% to $113,509, continuing its pullback from last week's record high amid cautious market sentiment.
Most major altcoins, including Dogecoin and Ethereum, also experienced declines, with Ethereum dropping 4.2% to $4,191.
Analysts believe the current correction is a natural cycle and expect it to be short-term as long as BTC stays above $111,800.
There is optimism for Ethereum to potentially reach $10,000, supported by strong institutional inflows and high on-chain activity.

Bitcoin (BTC) fell again on Tuesday, extending the pullback that has taken it further from last week’s record high. The cryptocurrency slipped 1.5% to $113,509 on Binance, amid a cautious market mood ahead of developments in the Ukraine negotiations and clues on U.S. monetary policy from the upcoming Jackson Hole symposium.

Most major altcoins also traded lower. Dogecoin dropped 4.6%, Solana 3.5%, XRP 3.7%, and BNB 1.5%. Meanwhile, Ethereum slid 4.2% in the past 24 hours to $4,191.

BTC/USD

Could Bitcoin Double in Price?

Analysts view the current correction as a natural part of a cycle that is breaking away from historical halving patterns. Institutional investment, they argue, provides strong price support at higher levels. Even amid geopolitical tensions—such as Israel’s strikes on Iran or volatility in Trump’s trade war—Bitcoin did not suffer the deep 30–50% drawdowns seen in 2017 and 2021. The current pullback is expected to remain short-term, as long as BTC holds above its prior bottom near $111,800.

Ethereum at $10,000?

Bitcoin has already nearly doubled from its 2021 highs, and analysts suggest that the same dynamics could lift Ethereum (ETH). The idea of ETH reaching $10,000 this cycle is not just fear-driven speculation but, they argue, a realistic possibility. With robust institutional inflows, high on-chain activity, and still trading below its 2021 peak, Ethereum remains “the best macro trade available.”

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ABOUT THE AUTHOR See More

Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.