Bitcoin Plunges Nearly 3% — Crypto Stocks Collapse in U.S. Pre-Market Trading

TradingKey

AuthorBlock Tao

Aug 18, 2025 9:18 AM

View all comments（0）



TradingKey – On Monday, August 18, Bitcoin (BTC) extended its decline, falling nearly 3% in U.S. pre-market hours to $115,150, approaching the key $115,000 support level.

Since last Thursday, BTC has dropped more than 7%, eroding investor confidence and raising the risk of a retest of the August 2 low near $110,000.

Bitcoin Price Chart – Source: Google

The sharp drop in Bitcoin triggered a broad sell-off in crypto-linked equities:

BitMine (BMNR) fell over 6%
SharpLink Gaming (SBET) and Bullish (BLSH) dropped more than 4%
Coinbase (COIN) and MicroStrategy (MSTR) declined around 2%
Circle (CRCL) and Robinhood (HOOD) slipped more than 1%

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

US-Iran Tensions Heat Up Again, Brent Crude Breaches $110 Mark, Institutions Warn Oil Prices May Approach 2008 Peak Level

Tradingkey - Geopolitical tensions escalated sharply over the weekend. Following the conclusion of Trump's visit to China, tensions between the U.S. and Iran flared up once again. Renewed expectations of a long-term blockade of the Strait of Hormuz pushed both major crude oil futures to nearly two-week highs. As of press time, Brent crude broke above the $110 mark, rising 1.80% to $111.45 per barrel, having touched its highest level since May 5 during intraday trading. WTI crude oil futures rose 2.39% to $103.41 per barrel.

Gold Prices Drop Below $4,500, Gold Prices May Fall to $4,360 This Week

TradingKey - In the early Asian session on May 18, gold prices (XAUUSD) extended last week's downward trend, falling for the fifth consecutive trading day. Prices briefly broke below $4,500 intraday, hitting a low of $4,480.54. Gold is currently trading at $4,497.11, down approximately 1% from last Friday.

Nvidia Reports Q1 FY2027 Earnings on May 20 - Is NVDA a Buy at $224 Before the Most Important Print of the Year?

TradingKey - Nvidia Q1 FY2027 earnings May 20. Consensus: $78B revenue, $65B+ data centre, 74%+ margins. BofA target $320. NVDA at $224 at Fib 0.382 support. Breakout targets $231–$237.

OpenAI Restructuring: Merging ChatGPT & Codex for AI Agents to Fight $900B Anthropic Ahead of IPO

TradingKey — According to a report by WIRED, OpenAI recently announced a corporate restructuring to consolidate its product lines. Its three core product offerings—ChatGPT, Codex, and the API—are being dismantled and merged into a unified product organization to "embrace" the Agentic Future; co-foun

SpaceX IPO Date Moved Up to June 12: What Should Investors Watch? How Can European and Asian Investors Buy SpaceX Shares? What Is the Impact on Broad US Markets?

TradingKey - Last Friday (May 15), The Wall Street Journal reported, citing people familiar with the matter, that Elon Musk’s SpaceX plans to officially list on the Nasdaq on June 12 under the ticker symbol “SPCX,” with an expected fundraising target of $80 billion or more. If successful, this would

Featured Tools