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: