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The Bitcoin price has fallen below $109,000 according to the latest data. This decline is thought to be due to PCE data from the US. Meanwhile, expectations of an interest rate cut by the Fed in September are also gradually diminishing.
The crypto markets are experiencing another moment that is unsettling for people. There has been an unexpected and significant decline in the price of Bitcoin. Bitcoin falling below $109,000 is also frightening investors. This decline is creating a sense of hopelessness, especially as markets had been expected to rise in recent times. Looking at the reasons behind this, it can be said that data from the US is behind it.
Did Bad Data from the US Affect Bitcoin?
Although the data coming from the US was not bad, the figures may still have negatively affected some markets. According to the figures, the US annual core personal consumption expenditure price index was set at 2.9%. However, expectations in this area were also at the same rate. But the previous figures of 2.8% were enough to trigger fears of inflation.
As a result of the lack of the desired decline in the data, expectations of an interest rate cut by the Fed in September turned into despair among individuals. This situation inevitably had a negative impact on the prices of both Bitcoin and cryptocurrencies.
Bitcoin Price Drops to $109,000
Looking at the crypto chart dated August 29, 2025, it is possible to see that the Bitcoin price has fallen below $109,000. In fact, it fell as low as $108,500 and began to rise again after that point. Although it has continued to recover since then, it is difficult to say how far the rise will go at this point.
In the cryptocurrency market, it is now widely believed that US data has a major impact on the market. Investors can even set specific amounts on days when data from the US is released. Otherwise, investors may face serious losses if their expectations are not met.
Will the Bitcoin Price Rise Again? How High Will It Go?
Generally speaking, the Bitcoin price recovers after every decline. In the coming hours, it may advance towards the $110,000 level again. In fact, experts believe that this decline will not continue for long.
Based on the information provided, it is thought that Bitcoin, which has passed the $110,000 level, will reach $115,000 again. However, in such a case, if the decline increases and the price falls below $108,500 again during this process, levels such as $107,000 can also be expected for the price.
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