A television broadcasts crypto market news at the Nasdaq MarketSite in New York, US, on Thursday, Nov. 20, 2025. <\/p>\n
Michael Nagle | Bloomberg | Getty Images<\/p>\n
After finishing last month on a strong note, markets lost their momentum, stumbling on Monday, tripped over by a sell-off in crypto.\u00a0<\/p>\n
All three major U.S. indexes snapped their 5-day winning streaks as\u00a0bitcoin<\/a>, the world’s largest cryptocurrency,\u00a0dropped<\/a> around 6% to trade below $86,000, putting downward pressure on the stock market.\u00a0<\/p>\n It was bitcoin’s worst day since March. The digital currency late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark.<\/p>\n Even as odds for the Fed’s expected year-end Christmas gift of a rate cut rise, investors seem to have put crypto on the “naughty list.” <\/p>\n As we head deeper into December, could markets shake off the crypto chill, and will tech stocks be the heroes that keep pushing stocks higher? Watch this space.<\/p>\n What you need to know today<\/p>\n Nvidia-Synopsys partnership. <\/strong>The company\u00a0announced<\/a> Monday it has purchased $2 billion<\/a> of Synopsys<\/a>‘ common stock as part of a strategic partnership to accelerate computing and\u00a0AI<\/a> engineering solutions.<\/p>\n Apple AI chief steps down. <\/strong>John Giannandrea, who had held the position since 2018, will be replaced <\/a>by Amar Subramanya, an AI researcher who most recently worked for Microsoft and was previously part of Google’s DeepMind AI unit. Giannandrea will continue to serve as an advisor until his retirement next spring, Apple said.<\/p>\n Crypto sell-off. <\/strong>Bitcoin and ether plunged on Monday<\/a>, recording a 5% and 7% fall, respectively.\u00a0A statement by the People’s Bank of China on Saturday warning of illegal activities relating to digital currencies heaped pressure on Hong Kong-listed shares of digital assets-related companies on Monday.<\/p>\n Markets slide. <\/strong>All three U.S. indexes snapped five-day<\/a> winning streaks, with the Dow Jones Industrial Average<\/a> recording the largest loss, dropping 0.9%. The Nasdaq Composite<\/a> shed 0.38%, and the S&P 500<\/a> lost 0.53%.<\/p>\n [PRO] Analysts positive on electric plane stock.<\/strong> Wall Street analysts are bullish<\/a> on electric airplane manufacturer Beta Technologies<\/a>, with Goldman Sachs, Morgan Stanley and Bank of America initiating coverage with a buy rating. Citi, which views it as a high-risk-high-reward stock, put a target price that suggests a 50% upside.<\/p>\n