Bitcoin Falls to $115K as Broader Market Retreats; Dow Hits Resistance
Bitcoin (BTC) extended losses early Friday, slipping below key support as broader crypto markets and U.S. equities faltered at crucial resistance levels.
BTC dropped over 2.5% to $115,170 — its lowest level since July 10 — confirming a breakdown from the recent $116,000–$120,000 consolidation range, according to CoinDesk data. The move follows multiple bearish technical signals and raises the probability of a pullback toward $111,956, a previous high from May now seen as potential support.
Losses weren’t limited to bitcoin. Ether (ETH), Solana (SOL), and XRP also declined by 2% to 3%, dragging the CoinDesk 80 Index down 2.6% to 898 points.
The weakness came as Wall Street’s Dow Jones Industrial Average dropped 0.70%, failing to hold above the 45,000 level — a resistance marked by highs from December and January. The stall in equities appears to be contributing to a broader risk-off mood, weighing on crypto prices.
With both traditional and digital markets struggling at major technical thresholds, traders are increasingly cautious about near-term upside.
