Bitcoin fell 1.3% while Nasdaq-100 lost 5.5% in last week’s tech selloff
Bitcoin lost less than the Nasdaq-100 in last week's tech selloff. Hedge funds cut technology positions at the fastest pace since at least 2016 over the five trading sessions through Oct. 15, according to a report citing Goldman Sachs prime brokerage data. The Nasdaq-100 fell 5.49% from its Oct. 9 close of 30,883.15 to 29,187.55… Read the full story on CryptoSlate Understand the crypto stories…
Bitcoin fell 1.3% last week while the Nasdaq-100 dropped 5.49%, from 30,883.15 on Oct. 9 to 29,187.55, during a broad tech selloff. Hedge funds cut technology positions at the fastest pace since at least 2016 over the five sessions through Oct. 15, per Goldman Sachs prime brokerage data cited in a report. Bitcoin's relative outperformance suggests it held up better than equities during the risk-off move, a modest point of interest for traders watching crypto's correlation to tech stocks.
