Michael Saylor: Bitcoin fell about 5% amid 4σ equity drop
Michael Saylor noted that Bitcoin slipped roughly 5% as the S&P 500 and Nasdaq posted 4σ losses on the same day.
CCOINMAG
4940
2% chance
Data: Polymarket, updated every minute. · Ends Jan 1, 2027
This market will resolve to "Yes" if, at any point between November 11, 2025 and December 31, 2026 at 11:59 PM ET, the market capitalization of Bitcoin (BTC) exceeds the market capitalization of the largest publicly traded company in the world. Otherwise, the market will resolve to "No."
Market cap values for both BTC and companies will be taken directly from Google Finance. If Google Finance is unavailable, a consensus of credible financial data providers will be used.
Michael Saylor noted that Bitcoin slipped roughly 5% as the S&P 500 and Nasdaq posted 4σ losses on the same day.
Stacks Labs reports its third Bitcoin‑staking bond sold out, with 21shares and NYSE‑listed Bullish among the participants.
Around $2.7 billion of Bitcoin options will settle at 08:00 UTC on Nov 6, just before the US employment data, leaving traders with a five‑hour protection gap.
It is the latest price of the Yes outcome. Traders pay that share of a dollar for a contract that pays $1 if the event happens, so the price reads as the market's estimate of the chance.
The market resolves by the rules below. Polymarket uses the UMA optimistic oracle: anyone can propose the outcome and dispute it during a challenge period.
Yes, where Polymarket is available. You connect your own wallet; the bet goes to Polymarket and the money never passes through COINMAG. A COINMAG fee of 1% is added to each bet.
Core Scientific said it will wind down its Bitcoin mining operations by Q4 2026 and become a pure‑play colocation provider, with Q3 revenue driven 92% by colocation services.
Bull Bitcoin becomes the first Bitcoin‑only exchange to offer Payjoin privacy features for deposits, withdrawals and on‑chain trading, automating UTXO merging and reducing fee pressure.
Luxor’s October lookback shows a 9.4% rise in network hashrate and an 11.8% difficulty jump, while the USD hashprice fell 17.9% amid an 8% drop in Bitcoin price.
