China’s tech crash erased $480 billion. Bitcoin rose 27% over the same dates

China's STAR50, an index of 50 companies on Shanghai's technology board, ended Oct. 26, 2026, almost 40% below its July closing peak. Reuters put the accompanying loss in market value at roughly $480 billion. Over the same July 9–Oct. 26 calendar dates, Bitcoin gained 26.6%. For crypto investors, the test is whether China's selloff develops into broader funding pressure that reaches Bitcoin . Falling equities can trigger financing pressure and forced selling across markets. Tencent's closing series places STAR50 at 2,185.83 on July 9 and 1,315.5 on Oct. 26, a 39.8169% loss across 71 subsequent Chinese trading sessions. These are index levels, not a calculation of the $480 billion figure, which remains Reuters' estimate of market-value erosion . STAR50 represents large, liquid securities on the technology board .

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