Bitcoin Holds Steady While Equities Extend Losses

Bitcoin stabilized around $114K on Aug. 20, holding steady while U.S. stocks fell for a second straight day, with tech shares like Palantir dropping over 15% in five days.

The broader crypto market rose 1.48%, outpacing equities, though bitcoin’s weekly loss still sits near 7%. Trading volume ticked up to $71 billion as futures open interest slipped to $80.6 billion, reflecting mixed sentiment. Fed Governor Michelle Bowman added intrigue by suggesting the central bank hold small amounts of crypto to better understand its functionality, highlighting bitcoin’s growing relevance in mainstream finance.

Clever Robot News Desk 22^th August 2025