BTC Declines as Dow Jones Struggles to Break Through December-January Levels

Bitcoin Dips Below $116K as Market Sentiment Worsens Across Crypto and Equities

Bitcoin (BTC) slid to $115,170 early Friday, breaking below its recent trading range as weakness in U.S. equities weighed on broader risk sentiment.

The move marks a downside resolution of BTC’s prior consolidation between $116,000 and $120,000, with the latest drop pushing prices to their lowest level since July 10, according to CoinDesk data. Technical patterns now point to a potential retest of $111,956 — May’s former resistance level, now seen as support.

The broader digital asset market followed suit. Ether (ETH), Solana (SOL), and XRP posted losses between 2% and 3%, dragging the CoinDesk 80 Index down 2.6% to 898.

Meanwhile, the Dow Jones Industrial Average fell 0.70% overnight, stalling near the 45,000 mark — a level that previously capped rallies in December and January. The pullback signals possible exhaustion in the equities rally and adds pressure to crypto markets.

The synchronized retreat across asset classes reflects heightened caution among traders as major indices approach key resistance.