Bitcoin price today: little changed as investors await more geopolitical news

 Bitcoin traded little changed Tuesday, rebounding slightly after briefly falling below $115,000, as investors assessed Federal Reserve easing bets and geopolitical risks around potential Russia-Ukraine talks for a peace deal.

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.

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, after earlier optimism of 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.