Bitcoin Caught in Crossfire as Tech Stocks Unravel
📉 Nasdaq 100 futures fell 2% and S&P 500 futures dropped 1.1%, with South Korean tech stocks plummeting up to 10% before a trading halt, reflecting a broader risk-off sentiment in the market.
💔 Bitcoin and Ethereum experienced significant declines of 4% and 6%, respectively, as tech stock volatility impacted crypto valuations, with BTC dropping below $62,000.
💡 The market faces uncertainty due to disappointing earnings from major companies like Broadcom and potential interest rate hikes, raising concerns about the future profitability of AI investments.
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