Bitcoin Sinks Below $56,000 Amid Global Stock Market Move

BTC briefly fell to $55,500, its lowest level since August 8, to reverse almost all of the gains of the past month. The broader market tracked by the CoinDesk 20 (CD20), a liquid index that tracks the largest coins by market capitalization, fell nearly 6%. Major tokens SOL and Solana’s Ether (ETH) fell more than 7%, leading losses.