Global Equities Sink, but Bitcoin Defies Gravity

Global equities took a hit on August 18, 2026, as major indices such as the Dow Jones Industrial Average and the Sensex plummeted. The Dow dropped to 53,459.78, while the Sensex fell to 77,376. In contrast, Bitcoin (BTC) surged by around 2.6% above $64,000.

The decline in equities was largely due to surging energy prices, with crude oil trading above $90 per barrel. Additionally, the expiration of US-Iran ceasefire hopes added to the risk-off sentiment and heightened inflation concerns.

Crypto enthusiasts are closely watching whether Bitcoin can hold its ground above the key support level of $63,000 or succumb to equity pressure.