#Nasdaq100Falls5.5%InWorstWeekIn18Months
đ Nasdaq 100 Posts Its Worst Week Since April 2025
đ Week ended Oct 16: Nasdaq 100 down 5.5%, now about 7% below its high from 10 days earlier.
đ Friday alone: Nasdaq Composite â2.1% to 26,140, S&P 500 â1.1% to 7,659.
â ď¸ Chips led the fall: the PHLX Semiconductor Index lost 11.4% on the week after 8 straight down days.
đ Driver: worries that higher borrowing costs will hit leveraged AI data-center players like CoreWeave.
đĽ Backdrop: September CPI came in hot at 3.7% y/y, and the Fed meets Oct 27â28.
What it means for crypto: $BTC held around $81.7K and $ETH near $2,437 while tech bled, but both trade as risk assets. If rate fears keep pressuring tech, crypto rarely gets a free pass.
Is crypto decoupling from tech, or just lagging? đ
$BTC $ETH
#Nasdaq100Falls5.5%InWorstWeekIn18Months #CryptoNews #Macro #Stocks
đ Nasdaq 100 Posts Its Worst Week Since April 2025
đ Week ended Oct 16: Nasdaq 100 down 5.5%, now about 7% below its high from 10 days earlier.
đ Friday alone: Nasdaq Composite â2.1% to 26,140, S&P 500 â1.1% to 7,659.
â ď¸ Chips led the fall: the PHLX Semiconductor Index lost 11.4% on the week after 8 straight down days.
đ Driver: worries that higher borrowing costs will hit leveraged AI data-center players like CoreWeave.
đĽ Backdrop: September CPI came in hot at 3.7% y/y, and the Fed meets Oct 27â28.
What it means for crypto: $BTC held around $81.7K and $ETH near $2,437 while tech bled, but both trade as risk assets. If rate fears keep pressuring tech, crypto rarely gets a free pass.
Is crypto decoupling from tech, or just lagging? đ
$BTC $ETH
#Nasdaq100Falls5.5%InWorstWeekIn18Months #CryptoNews #Macro #Stocks