U.S. Stock Market Loses Over $1 Trillion—Is Bitcoin About to Follow?
U.S. stock markets saw a staggering wipeout, losing over $1 trillion in market value as soaring inflation and sweeping new trade tariffs triggered widespread investor panic. The Dow plunged 1.2%, the S&P 500 slid 1.6%, and the Nasdaq dropped 2.2%, contributing to the multi-hundred-billion-dollar decline across equities.
Against this backdrop, Bitcoin also came under pressure—dipping shortly below $130,000 USD, with reports indicating a sharp move past the $115,000 level as markets turned risk-averse.
According to Coinglass data, more than $1 billion in liquidations occurred across the crypto derivatives market within the past 24 hours, intensifying the downturn. The liquidation wave wiped out both long and short positions as investors scrambled amid the volatility.
WatcherGuru tweeted @WatcherGuru:
“JUST IN: $1.11 trillion wiped out from US stock market today.”
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The crypto market’s subsequent route has spent latest weeks in uncertainty, with Bitcoin trading below $112,000 and huge market cap altcoins moving in unclear directions. Nonetheless, beneath the short-term swings, a serious technical shift is quietly unfolding within the altcoin market. According to evaluation by crypto analyst CrypFlow, the overall market capitalization of altcoins (excluding…
$1.11 trillion wiped out from US stock market today.”
