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Netflix’s Tax Shock Spurs S&P 500 Selloff as Crypto Markets Hold Steady

Netflix’s Tax Shock Spurs S&P 500 Selloff as Crypto Markets Hold Steady

Author:

Global Cryptocurrency

Published:

2025-10-22 17:38:01

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BTCCSquare news:

Netflix shares plunged 10% after a surprise $600 million Brazilian tax liability overshadowed strong subscriber growth. The streaming giant's earnings miss triggered the worst performance in the S&P 500, though cryptocurrency markets remained detached from the traditional finance tremor.

While Netflix grapples with regulatory headwinds in emerging markets, digital asset traders focused on Bitcoin's consolidation above $60,000. The divergence highlights crypto's evolving role as an uncorrelated asset class during equity market stress events.

By:

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