Crypto Stocks Slide Before the Open as China’s CSI 300 Sinks 20% From Its June Peak: Can Coinbase and Strategy Hold This Week’s Rebound?

Crypto stocks fell in U.S. pre-market trading on Thursday, October 22, with Coinbase and Strategy both down about 5%, after China’s CSI 300 index closed in a bear market and a tech sell-off spread across Asia. Nasdaq 100 futures were down 1.6%, and Bitcoin slipped 2.1% to $81,686. The move erases much of a short rebound. From Monday’s close to Wednesday’s, Strategy (MSTR) gained 12.8% and Circle (CRCL) 10.2% as Bitcoin briefly climbed back above $84,000. Is China Really in a Bear Market? Yes, by the standard definition.