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2 months ago
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Galaxy, SharpLink, BitMine were among the names that plunged nearly 10% as risk appetite faded and bitcoin sunk to $113,000.
Aug 19, 2025, 9:07 p.m.
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin
down to $113,000.
Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22.
Ethereum
treasury firms SharpLink Gaming
(SBET)
and BitMine
(BMNR)
lost 8%-9%, while Solana-focused accumulators DeFi Development
(DFDV)
and Upexi
(UPXI)
plunged 13.7% and 9%, respectively.
Digital asset investment firm Galaxy (GLXY) slid 10%, while Robinhood (HOOD) sank 6.5% and Coinbase (COIN) fell 5.8%. BTC miner MARA Holdings (MARA) declined nearly 6%, while some high-flying HPC names like Bitdeer (BTDR), IREN (IREN) and Hut 8 (HUT) plummeted nearly 10%.
Risk appetite quickly evaporated this week as traders anticipate Fed Chair Jerome Powell's Friday speech at Jackson Hole, Wyoming.
Read more: Bitcoin Drops Below $114K, Ether Loses $4.2K as Jackson Hole Speech Might Bring Hawkish Surprise
Krisztian Sandor
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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HBAR Drops 2.5% After Breaking Key Support Levels
The token broke through key support levels in volatile trading after hotter-than-expected U.S. inflation data spurred $460 million in crypto liquidations.
What to know:
- HBAR slumped 2.46% to $0.238 between August 18–19, breaking key support levels amid heavy selling and elevated trading volumes.
- Macro headwinds intensified pressure, with U.S. Producer Price Index data exceeding Fed forecasts and triggering $460M in crypto liquidations.
- Long-term outlook remains supported by HBAR’s enterprise-grade infrastructure and partnerships, despite short-term volatility.
