Frederick Munawa

Fears of a bubble that may soon burst seem to have transcended ecosystems, pouring cold water on what might have otherwise been a year-end rally.

Many expected Strategy’s mega purchase to put the wind in bitcoin’s sails; instead, the asset tumbled to $85K.

The grim unemployment numbers had little impact on bitcoin, which was already in the doldrums, but stocks were sent tumbling.

The president issued a blockade of all sanctioned Venezuelan oil tankers, sending oil prices up, while bitcoin and stocks fell.

The cryptocurrency had recently stalled, but news of a TikTok U.S. joint venture buoyed equity markets and perhaps boosted bitcoin as well.

Why Is Bitcoin Stuck With Inflation Cooling and Stocks Up? FAQ ⚡ Bitcoin Pulls Back After Trump Designates Venezuela's Government as a Terrorist Organization

The digital asset climbed to $90K on Monday morning following Strategy's share offering, which raised $748 million in cash proceeds.

The cryptocurrency fell 2% despite better-than-expected GDP numbers for the period between July and September.

The cryptocurrency dipped 2.45% Wednesday afternoon after topping $94K on Tuesday. Meanwhile, stocks printed fresh all-time highs.

The new proposal could put Florida in rare company with three other states that have successfully passed crypto reserve legislation.