Bitcoin fell below $94,050 for the first time since May, while Ethereum dropped 11% over the past 24 hours as broad market stress triggered sharp crypto selling. More than $1.2 billion in leveraged positions were liquidated across exchanges, marking one of the largest wipeouts this quarter. MicroStrategy’s Michael Saylor urged investors to maintain long-term positions, reiterating that the company continues accelerating its Bitcoin acquisitions.
The downturn coincides with a steep correction in U.S. megacap technology stocks, which collectively erased $1.5 trillion in market value over the past two days. Palantir, Tesla, Intel, AMD, Oracle, Nvidia, Alphabet, Amazon, IBM, and Microsoft all posted losses ranging from 2.5% to 11%, underscoring broad risk-off sentiment across high-growth assets.
In equities, Berkshire Hathaway made significant portfolio shifts in the third quarter. The firm cut its Apple stake by nearly 15%, exited D.R. Horton, and initiated a $4.9 billion position in Alphabet, while adjusting other holdings including Verisign, Bank of America, Chubb, and Domino’s Pizza.