Bitcoin Falls to Two-Week Low as Market Breaks Key Support; Broader Crypto Sector Slides
Bitcoin (BTC) fell below $116,000 early Friday, marking a decisive break from its recent consolidation range amid signs of exhaustion in the U.S. equity rally.
The flagship cryptocurrency dropped 2.5% to $115,170 — its lowest level since July 10 — signaling a bearish breakdown from the $116,000–$120,000 corridor, according to CoinDesk data. The move comes as technical indicators suggest weakening momentum, increasing the probability of a decline toward $111,956, a previous resistance level from May that now serves as support.
Losses extended across the crypto market, with major tokens like ether (ETH), Solana (SOL), and XRP falling between 2% and 3%. The CoinDesk 80 Index, which tracks the broader market, slipped 2.6% to 898 over the past 24 hours.
On Wall Street, the Dow Jones Industrial Average dropped 0.70% overnight, stalling near 45,000 — a level that aligns with resistance from the December–January highs. The pullback suggests buyers are struggling to maintain momentum, which could further dampen risk appetite across crypto markets.
The synchronized retreat in digital assets and equities reflects growing caution among investors as markets approach key technical inflection points.
