Last night, all three major U.S. stock indexes plunged. The Nasdaq fell more than 2% at one point, the S&P 500 fell more than 1.6%, and the Dow Jones Industrial Average fell more than 1%. At the close, the Nasdaq was down 1.43%, the S&P 500 was down 0.83%, and the Dow Jones was down 0.34%.
The cryptocurrency market was also dragged down! Bitcoin fell 3.78% to $75,800, Ethereum fell 3.88% to $2,260, Solana fell more than 5%, XRP fell nearly 2%, and BNB, Cardano, and others fell more than 1%.
In the past 24 hours, over $700 million in cryptocurrency futures contracts were liquidated, affecting 169,800 investors.