The S&P 500 and Dow extend their losing streaks to a fourth day. Are stocks headed for a full 10% correction?

A bear market refers to a situation in which a stock market index or asset declines at least 20% from its recent bull market high. Bitcoin hit that threshold on Nov. 14, when its price had dropped more than 20% from the bull market high it achieved about a month earlier on Oct. 7.

It’s taken less than two weeks for a rare euro-denominated preferred stock offering by Michael Saylor’s Bitcoin treasury company to fall below its already-discounted offer price.

Bitcoin’s relationship with US tech stocks is tightening again, and it has added a new layer of complexity to a market already dealing with fresh losses. Data

November keeps getting worse for Bitcoin and friends. On Nov. 18, Bitcoin (BTC) dropped below $90,000 after a death cross formation, and was trading at $89,426 before climbing back up. This was the lowest level it had dipped to since April.

Bloomberg's World Interest Rate Probability measure now puts the probability of a reduction at less than 50%, although interest-rate strategists at Goldman Sachs and Bank of America say economic data delayed by the US government shutdown will revive the case for action.

The Trump family-backed American Bitcoin mining firm shared quarterly results on Friday, adding more volatility to its stock's performance.

Canaan’s stock jumped Tuesday after the Bitcoin mining firm reported a revenue spike, though Bitcoin fell to a seven-month low overnight.

Currently, the Bitcoin price is trading at $93,794, semi-unchanged in the past 24 hours, with a $124 billion trading volume. It sits 1% below its 7-day high of $94,212 and 5% above its 7-day low of $89,188, with a market cap of $1.86 trillion, according to Bitcoin Magazine Pro data.

While Strategy’s stock has fallen a lot more than bitcoin, since bitcoin peaked in early October, the correlation between the two has actually increased.