Source: The Kobeissi Letter
Bearish

Nasdaq 100 falls 3.6%, erases $1.3 trillion in market value

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1 min

The Nasdaq 100 declined 3.6% today and is on track for its largest one-day drop since June 5. The index erased more than $1.3 trillion in market capitalization. Source: @TheKobeissiLetter.

Reference: https://t.co/OwPXf6QXne

Why it matters

  • Equity drawdowns often coincide with risk-off moves across assets, which can pressure crypto prices due to cross-market correlations.

Original publication

Authors credited by the source: thekobeissiletter

Published by Holder based on an external source.