Morning Edition · Wednesday, August 19, 2026Published at 1:47 AM EDT · New York
BlackRock says a roughly 50% drawdown reflects leverage unwinding and weaker flows rather than a change in the asset's case, while VanEck counts eight capitulation signals.

Bitcoin held near $64,000 and every major asset except BNB gained, with Solana leading, while Korean semiconductor stocks fell more than 7% and traders waited for Federal Reserve minutes due at 2 p.m. Eastern time. The cross-asset split mat…
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Part of a tracked trend
Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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