Bitcoin failed to gain a foothold above $115 thousand, despite the rebound in US stocks

Bitcoin remains under moderate pressure on Tuesday, trading in a narrow range amid uncertainty around U.S. tariffs and economic growth prospects. Traders avoid risky assets, which holds back the movement of the cryptocurrency market.

At the same time, ether gained support after the news that 180 Life Sciences had raised $425 million to implement an Ethereum-based treasury strategy.

Although the crypto market has grown a little, even the positive start of the week on Wall Street did not give a serious impetus. Bitcoin is hovering around $114,300, having failed to overcome resistance at $118,000 on Monday. Since the record rise in July, the price has remained in a sideways trend.

Last week brought significant losses due to a decrease in interest in risk and profit-taking. Purchases of BTC by Metaplanet and Strategy did not have a significant impact on the market.

An additional pressure factor was weak US employment data for July, which reinforced expectations of a rate cut in September, but did not support cryptocurrencies. The uncertainty surrounding new US trade duties, in particular Trump's threats against India, also reduces investor confidence.

There is moderate growth among altcoins: XRP added 1.7%, Cardano - 1.8%, Solana – 3.7%.