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What a market open on Wall Street today. The major indices fell quite sharply: the Dow Jones dropped 1.28%, the S&P 500 1.22%, and the Nasdaq 1.45%. The tech stocks were the hardest hit, with ASML plunging over 5%, TSM dropping nearly 3%, and AMZN, NVDA, AMD all around 2% losses.
What’s interesting is that stocks related to the crypto sector were also affected. American Bitcoin fell 4.70% to $1,115, CEA Industries lost 3.57%, and Sharplink dropped 5.30%. MicroStrategy, which as we know holds a significant position in Bitcoin, closed down 3% at $135,620.
Circle and some other companies in the ecosystem also recorded losses between 3% and 5%. It seems that when the overall market gets scared, everything drops together. A typical day of volatility in the markets.