Bitcoin falls 2% to $115K, down 7% from record high — What’s behind the weakness in the crypto token?

Bitcoin, the largest cryptocurrency, declined by over 2 per cent on Monday, August 18, reaching around $115,000. On Monday, August 18, Bitcoin prices dropped 2.12 per cent at $115,559.05 at 10:30 am, according to coinmarketcap data.

Bitcoin’s market capitalisation stood at $2.30 trillion, while trading volume in the last 24 hours stood at $55.73 billion. Meanwhile, Ether, the second-largest token, declined by up to 3 per cent at $4,349 on Monday.