After reaching an all-time high above $124,500 on August 14, Bitcoin is entering its third consecutive week of correction, falling back into the $110,000–$111,000 range. This correction, representing a drop of approximately 11% over the second half of the month, highlights the inherent volatility of the cryptocurrency market. Ethereum has lost all of its recent gains, now at $4,417, while Solana retains its gains at $212.50.
Economic and Market Context
The current cryptocurrency environment remains marked by high speculation, rapid financial innovation, and growing interest from influential figures such as the Trump family. Eric Trump, son of the U.S. President, recently made headlines by predicting that Bitcoin could reach $1 million in the coming years. Meanwhile, the Trump family is actively expanding the crypto ecosystem with projects ranging from Bitcoin mining to a trading platform, a stablecoin, and digital asset ETFs. A mining company financed by Eric Trump and Donald Trump Jr. is even planning a Nasdaq listing next month, signaling increasing institutional involvement in the sector.
Despite this correction, the market is supported by technological innovation, growing institutional demand, and the appeal of digital assets as a hedge against inflation and traditional market volatility.
Investment Recommendation
For investors, this correction phase may represent a strategic entry opportunity into the cryptocurrency market, particularly for those with a long-term horizon and a desire for portfolio diversification. Bitcoin and other digital assets maintain strong growth potential, but caution is advised: volatility remains high, and the market is sensitive to political announcements and regulatory changes. A strategy combining partial positions with active risk management is recommended to capitalize on upward momentum while limiting exposure.