BITCOIN PLUNGES BELOW $50,000, ETHER UNDER $2,200 AMID JUMP CRYPTO MOVES, US ELECTION UNCERTAINTY

Summary from the TLDR Crypto newsletter

Bitcoin hit its lowest price since February, and the rest of the market saw greater than 20% decreases in one of the biggest selloffs since FTX. Investors are reacting to several events, including Jump Crypto liquidating hundreds of millions of dollars of assets, the increasing chances of a Kamala Harris presidency, and a sharp decline in Japan's stock market. There are also fears about an impending recession, and ETHE investors are selling their positions in the Grayscale trust.