U.S. stocks closed on Thursday with the Nasdaq falling more than 2%, and Bitcoin briefly dropped to $86,100.

On November 21, U.S. stocks closed lower on Thursday, with the Dow Jones down 0.84%, the S&P 500 index down 1.55%, and the Nasdaq composite index down 2.15%. Nvidia (NVDA.O) fell 3.1%, having at one point risen 5% during the trading session. In the crypto assets sector, Bitcoin fell to a low of $86,100 at 3:00 AM this morning, now slightly recovering to $87,200; Ether briefly dropped below $2,800, now slightly recovering to $2,850. The recent large outflows of Spot Bitcoin and Ether ETFs, along with the soft pullback in U.S. stocks, have become driving forces for the decline in the crypto assets market. Bitcoin often falls during U.S. stock market opening hours and then rebounds during the Asian market, highlighting the selling pressure from the U.S. Meanwhile, the market no longer expects the Fed to cut rates in December, and strong employment has reduced the risk of rising unemployment rates, with a 39.6% probability of a 25 basis point rate cut by the Fed in December.