Stock Futures, Bitcoin Trim Losses After Selloff: Markets Wrap

Bitcoin has fallen below $90,000, marking a significant decline of nearly 30% from its peak in 2025. This drop extends a month-long slide that has erased the cryptocurrency's gains for the year, with Bitcoin reaching a record high of over $126,000 in early October. The decline has raised concerns across the digital asset market, reminiscent of previous market disruptions, including those triggered by political events such as trade tariffs proposed by former President Donald Trump.

Bitcoin, once anticipated to soar in value, is currently struggling to keep up with traditional assets like Treasuries, having fallen nearly 30% from its peak in 2025. This decline places Bitcoin behind various investment options, including tech stocks and T-bills, reflecting a significant shift in market dynamics and investor sentiment.

Bitcoin has fallen below the $90,000 mark as traders exhibit increased caution in the cryptocurrency market. This decline reflects a broader downturn in global financial markets, raising concerns about the potential for further selling pressure, particularly among leveraged investors. The negative sentiment surrounding Bitcoin is indicative of a fragile market confidence, as traders reassess their positions amid ongoing volatility.

The S&P 500 is expected to decline for a fourth consecutive session amid concerns regarding the Federal Reserve's policy outlook, inflated valuations in artificial intelligence, and a Bitcoin selloff. Investors are increasingly worried that the AI-driven market rally has become overheated, with the S&P 500 trading at approximately 22 times forward earnings, surpassing its 10-year average of 19. Additionally, the ongoing U.S. government shutdown raises further economic concerns. Grace Peters from JP Morgan shared her insights on the market outlook.

Bitfury, a prominent player in Bitcoin mining, has announced a $1 billion initiative aimed at investing in ethical technology and artificial intelligence. The company plans to allocate $200 million in the upcoming year, focusing on areas such as self-sovereign identity and quantum technology. This strategic move reflects Bitfury's commitment to advancing responsible tech solutions while expanding its influence beyond cryptocurrency mining.

A recent Bank of America survey indicates that investors expect the euro to end 2026 within a range of $1.10 to $1.20, compared to its current value of $1.1587. This sentiment reflects a cautious outlook among investors regarding significant fluctuations in the euro-dollar exchange rate.

Treasuries are poised for their first consecutive gains of the month as traders increase their bets on further interest rate cuts by the Federal Reserve ahead of the upcoming jobs numbers from ADP Research. This rise in Treasuries reflects growing market anxiety as investors await critical employment data, which could influence monetary policy decisions.

U.S. stock futures indicated that Monday’s selloff is set to continue, reflecting a negative sentiment in the markets. The dollar, gold, and bitcoin also experienced declines, alongside Treasury yields, as investors sought safety amid economic uncertainties. This downturn follows a period of optimism regarding U.S.-China trade talks, which had previously buoyed market sentiment.