Bitcoin fell 1.3% while Nasdaq-100 lost 5.5% in last week’s tech selloff

Goldman Sachs prime brokerage data cited in a report indicated that hedge funds reduced technology positions at the fastest pace since at least 2016 over the five trading sessions through Oct. 15. Bitcoin’s decline in last week’s technology selloff was smaller than the Nasdaq-100’s. The Nasdaq-100 fell 5.49%, from an Oct. 9 close of 30,883.15 to 29,187.55. The tech-heavy index’s weekly loss was also larger than Bitcoin’s during the same selloff.