Crypto-related stocks experienced a significant decline on August 19, 2025, amid waning risk appetite as Bitcoin fell to $113,000. The decline was marked by MSTR's 7.8% drop, closing at $336, the lowest since April. Other Ethereum and Solana-focused investments faced even steeper losses, with firms like SharpLink Gaming and BitMine losing 8%-9%. Furthermore, digital asset investment firm Galaxy saw a 10% decrease, while major cryptocurrency platforms such as Robinhood and Coinbase also reported declines of 6.5% and 5.8%, respectively. This downturn appears to be driven by cautious investor sentiment ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech at Jackson Hole, Wyoming.

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