Market Turmoil Deepens as Bitcoin and Technology Stocks Plummet
Financial markets are experiencing significant turmoil as Bitcoin dipped below $90,000, marking its 12th consecutive day of decline. The rout has extended across various sectors, with technology stocks and risky assets facing sharp sell-offs. Investors are signaling red flags as financials and real estate also take a hit. Wall Street is currently in a defensive stance amidst volatility and uncertainty about future economic data and rate expectations. Major players like Nvidia are contributing to the downward trend, exacerbating the overall market pullback. Despite some assets, like Berkshire Hathaway, finding gains, the prevailing sentiment remains cautious as markets await clearer guidance.
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