The S&P 500 fell 4.4% and the Nasdaq dropped 5.5% in an exceptionally volatile session described as a 4σ day. Bitcoin also declined by about 5%, moving closer to the $76,000 level. Strategy’s STRC perpetual preferred stock closed at $99.56, just below its $100 par value, indicating relative stability. The simultaneous decline in equities and Bitcoin reflects heightened risk aversion among investors, while macroeconomic announcements and Bitcoin price movements could increase volatility ahead of November 6.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
