Nasdaq drops 4.5% for the week as Bitcoin slips below $81,000
- —Nasdaq Composite down 4.5% for the week; S&P 500 fell 1.1% on Oct. 16
- —Bitcoin briefly dropped below $81,000 intraday on Oct. 15
- —Rising yields and doubts over AI capex weighed on tech shares
- —No data confirms capital rotating from equities into crypto
Why it matters: Simultaneous weakness in stocks and crypto raises drawdown risk for BTC holders while bond yields stay elevated.
Source: TokenPost