Eight-day losing streak for the Philadelphia Semiconductor Index as risk appetite wanes
- The Nasdaq 100 fell 2.5% in a single day, while the Philadelphia Semiconductor Index fell for an eighth consecutive trading session, its longest losing streak since 2008
- The Nasdaq fell 4.48% this week, while the Dow rose 0.68%—the widest gap in weekly performance since July 2002. The S&P 500 fell 1.1% in a single day
Concerns over returns on AI investment remain unresolved, and oil prices are climbing again, prompting investors to sell higher-beta assets first. BTC may face short-term pressure alongside tech stocks, while ETH and SOL could see steeper pullbacks. Until U.S. stocks stabilize, every crypto rebound should be viewed as a chance to reduce exposure. With this downturn, are you holding onto your long positions or have you already cut them?
$BTC $ETH $SOL
- The Nasdaq 100 fell 2.5% in a single day, while the Philadelphia Semiconductor Index fell for an eighth consecutive trading session, its longest losing streak since 2008
- The Nasdaq fell 4.48% this week, while the Dow rose 0.68%—the widest gap in weekly performance since July 2002. The S&P 500 fell 1.1% in a single day
Concerns over returns on AI investment remain unresolved, and oil prices are climbing again, prompting investors to sell higher-beta assets first. BTC may face short-term pressure alongside tech stocks, while ETH and SOL could see steeper pullbacks. Until U.S. stocks stabilize, every crypto rebound should be viewed as a chance to reduce exposure. With this downturn, are you holding onto your long positions or have you already cut them?
$BTC $ETH $SOL