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Crypto Markets Stumble Amid Broad Tech Selloff

Crypto Markets Stumble Amid Broad Tech Selloff

Author:

Global Cryptocurrency

Published:

2025-11-21 19:32:02

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BTCCSquare news:

Markets bled red Thursday as risk assets retreated across the board. The S&P 500 slid 2.4%, Nasdaq tumbled 3.8%, and even gold dipped 0.6%. Bitcoin bore the brunt, plunging 5.2% to briefly test $80,000 support.

The selloff defied Nvidia's strong earnings, leaving traders searching for catalysts. September's unemployment rate edged up to 4.4% despite better-than-expected job growth. Rate cut odds for December evaporated from 45% to 28%, tightening financial conditions.

Crypto sectors universally suffered. Gaming (-2.8%) and Revenue (-3.2%) showed relative resilience, while crypto Equities (-10.3%) and Miners (-13.2%) cratered. Monthly charts reveal deeper wounds: HOOD (-17.6%), COIN (-27%), GLXY (-38%) as AI pivot skepticism weighs on miners.

Solana ETFs provided rare sunshine with 14 consecutive inflow days post-BSOL launch, absorbing $500 million as BTC and ETH funds bled. The divergence highlights shifting institutional appetites amid the turmoil.

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