Bitcoin Weakens Below $120K, Crypto Stocks Take a Hit Across Global Markets
Source Tradingkey
TradingKey – Bitcoin’s continued price softness is dragging down crypto-linked equities across both U.S. and Hong Kong markets.
On Tuesday, July 29 (Asia time), Bitcoin (BTC) remained under pressure, trading at $118,760, stuck below the $120,000 resistance level. Despite holding within the $115K–$120K range, both lower highs and lower lows are forming, indicating bearish dominance.
1-Hour BTC Price Chart – Source: TradingView
Crypto Stocks Slide in U.S. Markets
On Monday (U.S. time), several crypto-related stocks saw sharp declines:
- BitMine Immersion (BMNR): -11%
- Canaan Inc. (CAN): -8%
- SharpLink Gaming (SBET): -5%
- Circle (CRCL) and Coinbase (COIN): -3%+
Hong Kong Crypto Stocks Follow Suit
During Tuesday’s Asia session, Hong Kong-listed crypto concept stocks also fell:
- Victory Securities (HK.08540) and Delin Holdings (HK.01709): -4%+
- Yika (HK.09923) and ZhongAn Online (HK.08540): -3%+
- Boyaa Interactive (HK.00434) and Leading Biotech (HK.00399): also declined
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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