Monday Final Takeaways: Bitcoin Selling Resumes, International Stocks Slide

Market Overview - The cryptocurrency market is experiencing a significant downturn, with nearly $1 billion in leveraged crypto positions liquidated, leading to Bitcoin's drop of 8% to below $84,000, marking a year-to-date decline of over 9% [2] - Ether has plummeted 10%, resulting in an 18% decrease since last December, while the bottom half of the largest 100 digital assets has seen a decline of almost 70% this year [3] Retail Sector Insights - Black Friday saw record online spending of $11.8 billion, a 9% increase from last year, driven by an 85% surge in AI-driven traffic to retail sites [4] - Thanksgiving Day also set a record with $6.4 billion spent online, indicating strong demand as Cyber Week commenced [5] International Market Dynamics - Japanese stocks experienced weakness, contributing to a decline in futures, while the yen strengthened amid expectations of an interest rate hike from the Bank of Japan [7] - The 2-year yield in Japan rose to its highest level since 2008, reflecting market reactions to potential changes in monetary policy [8] Technology Sector Earnings - CrowdStrike is expected to report an EPS of around $0.94 for Q3, indicating a year-over-year growth of approximately 20%, with a revenue forecast of $1.21 billion [10] - Marll Technology is projected to have an EPS of about $0.74, up from $0.67 in the previous quarter, with revenue expected to exceed $2 billion [11] Federal Reserve Commentary - The market is closely monitoring comments from Federal Reserve officials, particularly regarding potential monetary policy changes, with rate-cutting expectations rising significantly [13]