{"id":42714,"date":"2025-11-23T02:49:05","date_gmt":"2025-11-23T02:49:05","guid":{"rendered":"https:\/\/eduzim.co.zw\/news\/?p=42714"},"modified":"2025-11-23T02:49:05","modified_gmt":"2025-11-23T02:49:05","slug":"did-bitcoin-play-a-role-in-thursdays-stock-sell-offutm_sourcerss1-0mainlinkanonutm_mediumfeed","status":"publish","type":"post","link":"https:\/\/eduzim.co.zw\/news\/2025\/11\/23\/did-bitcoin-play-a-role-in-thursdays-stock-sell-offutm_sourcerss1-0mainlinkanonutm_mediumfeed\/","title":{"rendered":"Did Bitcoin Play a Role in Thursday&#8217;s Stock Sell-Off?"},"content":{"rendered":"<p> <script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"fhbody-180181633\">\n<div id=\"text-180181633\" class=\"p\">\n<p>\t\t\t\tA week ago Bitcoin was at $93,714.  Saturday it dropped to $85,300.<\/p>\n<p>Late Thursday, market researcher Ed Yardeni blamed some of Thursday&#8217;s stock market sell-off on &#8220;the ongoing plunge in bitcoin&#8217;s price,&#8221; reports <em>Fortune<\/em>:<\/p>\n<p><i><\/p>\n<p>&#8220;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,&#8221; [Yardeni wrote in a note].  Yardeni blamed bitcoin&#8217;s slide on the GENIUS Act, which was enacted on July 18, saying that the regulatory framework it established for stablecoins eliminated bitcoin&#8217;s transactional role in the monetary system.  &#8220;It&#8217;s possible that the rout in bitcoin is forcing some investors to sell stocks that they own,&#8221; he added&#8230; Traders who used leverage to make crypto bets would need to liquidate positions in the event of margin calls.<\/i><\/p>\n<p>Steve Sosnick, chief strategist at Interactive Brokers, also said bitcoin could swing the entire stock market, pointing out that it&#8217;s become a proxy for speculation.  &#8220;As a long-time systematic trader, it tells me that algorithms are acting upon the relationship between stocks and bitcoin,&#8221; he wrote in a note on Thursday. <\/p>\n<\/div><\/div>\n<p><script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n#Bitcoin #Play #Role #Thursdays #Stock #SellOff<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300. Late Thursday, market researcher Ed Yardeni blamed some&hellip;<\/p>\n","protected":false},"author":1,"featured_media":37936,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-42714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mzansi"],"_links":{"self":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/42714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/comments?post=42714"}],"version-history":[{"count":1,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/42714\/revisions"}],"predecessor-version":[{"id":42715,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/42714\/revisions\/42715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media\/37936"}],"wp:attachment":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media?parent=42714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/categories?post=42714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/tags?post=42714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}