Today’s market action was enough to send blood pressure soaring: the KOSPI closed down 3.52%, with SK Hynix leading the losses as risk appetite retreated from global markets; the Hang Seng Tech Index fell more than 5%, and the AI sell-off isn’t over yet. In U.S. premarket trading, Nasdaq futures were down 1.7%, chip stocks were broadly slumping, and Tesla fell 5%.
$BTC slipped below $82,000 to around $81,948, but fell less than equities; $BNB hovered around $734, following the slide with a relatively modest decline.
Bulls and bears are locked in a tug-of-war: some are betting $80,000 will be the bottom before the midterms, while others are watching for a sweep below $79,000. The Fed’s decision on October 28 will be the real judge.
#CryptoMarket
$BTC slipped below $82,000 to around $81,948, but fell less than equities; $BNB hovered around $734, following the slide with a relatively modest decline.
Bulls and bears are locked in a tug-of-war: some are betting $80,000 will be the bottom before the midterms, while others are watching for a sweep below $79,000. The Fed’s decision on October 28 will be the real judge.
#CryptoMarket