US stocks gave back some of last week’s rally on Monday as bitcoin and other former stars of Wall Street fell again. The S&P 500 fell 36.46 points, or 0.5%, to 6,812.63,.
US stocks gave back some of last week’s rally on Monday as bitcoin and other former stars of Wall Street fell again.
Bitcoin, which was soaring around $125,000 in October, dropped below $86,000. That’s down roughly 7% from a day earlier. That in turn sent stocks lower across the crypto industry. Coinbase Global sank 4.8%, and Robinhood Markets fell 4.1%, for example. Strategy, the company that used to be known as MicroStrategy and now raises money just to buy bitcoin, lost 3.2%. It said that it raised a fund of $1.
