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135 Did Bitcoin Play a Role in Thursday's Stock Sell-Off?

Slashdot
EditorDavid @ Slashdot · 11/22/2025 21:35 EDT

Did Bitcoin Play a Role in Thursday's Stock Sell-Off?

A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300.


Late Thursday, market researcher Ed Yardeni blamed some of Thursday's stock market sell-off on "the ongoing plunge in bitcoin's price," reports Fortune:




"There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index," [Yardeni wrote in a note]. Yardeni blamed bitcoin's slide on the GENIUS Act,

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