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Bitcoin price today: dips below $116k, Amdax plans bitcoin company

Author

Vahid Karaahmetovic

Published 08/18/2025, 02:11 AM

Updated 08/18/2025, 10:13 AM

Bitcoin price today: dips below $116k, Amdax plans bitcoin company

© Reuters

Gold Spot US Dollar

0.05%

GC

0.01%

MSTR

-0.90%

ENX

0.21%

Ethereum US Dollar

-5.25%

DOGE/USD

-5.33%

ADA/USD

-6.23%

XRP US Dollar

-4.07%

MATIC/USD

0.52%

ETH

-3.75%

SOL/USD

-6.07%

TRUMPo/USD

-4.30%

Investing.com-- Bitcoin fell below $116,000 on Monday, reversing sharply from last week’s record highs, as fading expectations for aggressive Federal Reserve easing and heightened geopolitical risks weighed on investor risk appetite.

At 10:10 ET (14:10 GMT), the world’s largest cryptocurrency traded 2.7% lower at $115,160.

Bitcoin climbed to a record above $124,000 last week, but pulled back after hotter-than-expected U.S. producer price data rekindled concerns over tariff-driven inflation.

Other tokens also tumbled on Monday, with Ether retreating further from near-record-high levels.