Crypto Market Crash and Tech Stock Sell-off
The crypto market experienced a significant crash with Bitcoin falling 2.5% to around $73,000, its lowest since November 2024, alongside major altcoins like Solana and Ethereum dropping 7% and 5%. This downturn coincided with a tech stock sell-off, including Nasdaq 100 companies such as AMD, AppLovin, and Palantir falling over 10%, driven by concerns over the AI industry's impact on software sectors.