Stocks and Bitcoin slide
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It’s taken less than two weeks for a rare euro-denominated preferred stock offering by Michael Saylor’s Bitcoin treasury company to fall below its already-discounted offer price.
The S&P 500 and Dow extend their losing streaks to a fourth day. Are stocks headed for a full 10% correction?
A bear market refers to a situation in which a stock market index or asset declines at least 20% from its recent bull market high. Bitcoin hit that threshold on Nov. 14, when its price had dropped more than 20% from the bull market high it achieved about a month earlier on Oct. 7.
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Bitcoin now trades like a tech stock as correlation nears decade high
Bitcoin’s relationship with US tech stocks is tightening again, and it has added a new layer of complexity to a market already dealing with fresh losses. Data
The Trump family-backed American Bitcoin mining firm shared quarterly results on Friday, adding more volatility to its stock's performance.
November keeps getting worse for Bitcoin and friends. On Nov. 18, Bitcoin (BTC) dropped below $90,000 after a death cross formation, and was trading at $89,426 before climbing back up. This was the lowest level it had dipped to since April.
Canaan’s stock jumped Tuesday after the Bitcoin mining firm reported a revenue spike, though Bitcoin fell to a seven-month low overnight.
Currently, the Bitcoin price is trading at $93,794, semi-unchanged in the past 24 hours, with a $124 billion trading volume. It sits 1% below its 7-day high of $94,212 and 5% above its 7-day low of $89,188, with a market cap of $1.86 trillion, according to Bitcoin Magazine Pro data.
IREN Limited (NASDAQ: IREN), a Bitcoin (BTC) mining and AI cloud company, signed a $9.7 billion GPU cloud services contract with Microsoft (Nasdaq: MSFT) on Oct. 3.
While Strategy’s stock has fallen a lot more than bitcoin, since bitcoin peaked in early October, the correlation between the two has actually increased.