Crypto Daily – The U.S. stock market fell quite heavily on Thursday which made October the worst month for stock prices since April. The market slid on earnings calls for top tech stocks, and this spread to the cryptocurrency market, where $BTC fell around 3%. With US employment and manufacturing data to be announced later on Friday, uncertainty still reigns in the markets.
US stocks drag Bitcoin down
With Bitcoin () perhaps poised to continue its assault on the $73,800 all-time high on Thursday, the U.S. stock markets had their very weighty say on the matter. Even though Microsoft (NASDAQ:), Meta, and Amazon (NASDAQ:) earnings were slightly up, slower future growth and spending expectations caused the market to fall. The S&P 500 slid 2%, and the went down by 3%.
Of course, with all of this negative sentiment happening in traditional markets, Bitcoin certainly wasn’t going to get off scot-free. From what had been a very shallow retracement up to the beginning…
Read More