Tech Selloff Sends Nasdaq 100 Down 6.4%, Erasing $2.3 Trillion in Value
Photo: TokenPost
The Nasdaq 100 dropped 6.4% on Thursday, wiping out $2.3 trillion in market value and extending a technology-led selloff that also hit stocks tied to the cryptocurrency sector. The index had already fallen more than 10% from its previous record high, putting it in correction territory. Artificial intelligence and semiconductor shares were at the center of the latest decline, while related indexes also posted sharp losses. Crypto-related companies’ shares also fell substantially amid the technology selloff. The retreat is a risk-off signal for crypto traders, and prediction-market pricing reflected reduced confidence in Bitcoin’s near-term growth.
Source: TokenPost
