🚨🚨🚨Markets are currently experiencing a sharp risk-off correction driven by a sell-off in big tech and uncertainty over AI returns.
Market Summary
* Stocks: Major U.S. and Asian indices are down. Tech stocks (Alphabet, Amazon, Qualcomm) are leading the decline due to heavy AI spending and weak labor data.
* Crypto: Bitcoin has plunged to ~$64,000, nearly half its October peak. Over $1 billion in positions were liquidated in 24 hours amid institutional outflows.
* Commodities: Silver and gold have seen significant drops as investors exit speculative positions to cover broader portfolio losses.
The Bottom Line: Markets are in "capitulation mode" as liquidity thins and recession fears grow.
$iShares Bitcoin Trust(IBIT)$
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