Bitcoin Eases Further as Part of Market Correction -- Market Talk

Dow Jones
Aug 19

0709 GMT - Bitcoin continues to ease from last week's all-time high as part of a broader market correction that aligns with fluctuations in risky assets, Deusxpay trader James Madden says in a note. Bitcoin's pullback isn't anything out of the ordinary for crypto assets, he says. "What's more telling is that as retail investors panic and sell their positions, institutions are stepping in, with major players like Metaplanet making substantial buys." This could signal that bitcoin's decline is viewed as an opportunity to accumulate the cryptocurrency, he says. Bitcoin falls 1.2% to $115,070 after earlier hitting a nearly two-week low of $114,485, LSEG data show. It reached a record high of $124,480 on Thursday.(renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

August 19, 2025 03:09 ET (07:09 GMT)

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