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The U.S. stock market just took a massive hit over $700 #billion wiped out in a single day. Big tech led the drop, with Nvidia down 3.6%, Tesla off 3.5%, and Amazon falling nearly 3%. Even the usually strong names like Apple and Microsoft couldn’t escape the red zone.
This kind of sell-off shows how fragile sentiment is right now. If equities keep bleeding, liquidity could start flowing into #crypto as investors look for alternative risk plays.
Let’s just hope Bitcoin holds the $100k level because if stocks keep #crashing all eyes will shift to crypto next.