Gunden built his wealth as an early Bitcoin arbitrage trader on Tradehill and the now-defunct Mt. Gox, where he reportedly handled tens of thousands of BTC before the exchange collapsed in 2014. His recent moves align with a broader wave of retail selling, amplified by fears that the latest bull cycle may be nearing exhaustion.

The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble" that not even Nvidia and its CEO, Jensen Huang, could allay after it

After a 76-day wait, data-starved investors finally got their hands on an official jobs report from the Bureau of Labor Statistics this morning.

The S&P 500, a broad measure of stocks, gained 1.5% as trading opened. The tech-heavy Nasdaq jumped 2%, but later backed down slightly from its high. The Dow Jones Industrial Average rallied 600 points, around 0.8%.

Bitcoin tumbled with other risk assets on Thursda, plunging after stocks saw a huge reversal after earlier gains.

DoubleLine Capital's Jeffrey Gundlach compares the booming private credit market to "wild west" conditions, warning of potential troubles ahead as market stress increases.

The closely followed report was originally scheduled for release on Oct. 3, but it was shelved by the government shutdown.

US stocks were hammered on Thursday as an abrupt midday reversal in markets followed a blockbuster earnings report from Nvidia and the release of the long-delayed September jobs r