BlockBeats News, October 22, according to market data, the crypto market fell again this morning, with Bitcoin dropping below $109,000, now priced at $108,450, a 2.09% decrease in the last 24 hours. Ethereum fell below $3,900, now priced at $3,866, a 2.96% decrease in the last 24 hours. The total cryptocurrency market capitalization has dropped to $3.751 trillion, a 1.9% decrease in the last 24 hours. The three major U.S. stock indexes closed mixed, with the Dow up 0.47%, the S&P 500 unchanged, and the Nasdaq down 0.16%, with the Dow hitting a new all-time high. U.S. stock cryptocurrency concept stocks mostly fell, with Ethereum Treasury (DAT) companies across the board, including:
Bitmine Immersion (BMNR) down 3.46%;
SharpLink Gaming (SBET) down 3.04%;
Bit Digital (BTBT) down 8.29%;
BTCS Inc (BTCS) down 3.68%.
Shitcoins leading the decline include:
AUCTION priced at $7.77, a 20.8% decrease in the last 24 hours;
MLN priced at $8.6, an 18.8% decrease in the last 24 hours;
DOGS priced at $0.000061, a 15.6% decrease in the last 24 hours;
BIO priced at $0.089, a 13.8% decrease in the last 24 hours.
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Global markets consolidated over the weekend. SanDisk benefited from strong AI data-center demand, long-term customer contracts, and improving expectations for the storage supply-demand balance. SpaceX-related names also performed well. Precious metals held near elevated levels, while Bitcoin moved toward $75,000 and continued to support crypto-financial stocks. Markets are now focused on Pinduoduo’s earnings and the impact of future rate expectations on technology and small-cap valuations.





