BiyaPay analyst: Bitcoin falls to $113000, cryptocurrency concept stocks plummet 6.45% BlockBeats news: On August 20th, Bitcoin failed to hit the $116000 mark in the evening, and then the bullish power significantly weakened, causing the price to quickly decline. At present, it has fallen below the support level of $113000 and briefly touched $112000 during trading. If it continues to decline in the future, it may touch the key psychological level of $100000. Ethereum is also under pressure, losing $4100. Affected by the weakening of the cryptocurrency market, related concept stocks also fell simultaneously. On August 19th, the sector as a whole fell 6.45%, with most of the day and night trading continuing the downward trend: Bitmine Immersion Technologies fell nearly 4%, Bullish fell over 3%, Robinhood fell 2%, and Coinbase fell about 1%. This indicates that market risk appetite is declining, and investors need to remain cautious in the short term. Against the backdrop of intensified market volatility, investors require more flexible and secure trading tools. BiyaPay provides users with over 200 types of cryptocurrency spot and contract pending transactions, including BTC and ETH, with zero transaction fees, helping investors reduce costs and flexibly layout. At the same time, BiyaPay innovatively supports users to directly trade US and Hong Kong stocks through USDT, without the need to apply for an offshore account, and can participate in the global stock market in real-time, achieving seamless connection between digital assets and traditional capital markets. In the face of a complex market with both cryptocurrency and stock prices falling, making reasonable use of BiyaPay's diversified products and tools will provide investors with more operational space and risk hedging opportunities in a volatile market.