The Friday plunge fits into a pattern since the war in Iran broke out, with gains on Monday turning into losses by the end of the week.
Crypto stocks battered as Nasdaq enters correction in $17 trillion market rout
The Friday plunge fits into a pattern since the war in Iran broke out, with gains on Monday turning into losses by the end of the week.
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Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.
Bitcoin's value dropped over 2%, dragging the broader market lower.
The final stretch of the U.S. presidential election is keeping traders on their toes, with BTC and Trump Polymarket odds taking a small hit.
Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.