Key Takeaways

• Bitcoin, Ethereum and semiconductor-linked perpetual futures suffered sudden weekend declines, with one report estimating nearly $34 million in AI-related liquidations.

• The selloff revived fears of another Black Monday on Oct. 19, the 39th anniversary of the historic 1987 stock market crash.

• Rising oil prices, expectations of higher interest rates and weakening stock market breadth have complicated the outlook, although the latest market data shows signs of recovery.

Crypto traders entered Monday, Oct. 19, facing renewed fears of a broader market selloff after Bitcoin, Ethereum and perpetual futures tied to artificial intelligence stocks experienced abrupt weekend price…