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

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AuthorBlock Tao

Aug 18, 2025 9:18 AM

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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%

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