When the “Blue Wave” Hits the Crypto Market: A Dual Stress Test of Liquidity, Leverage, and Regulatory Narratives
After the overnight sell-off, many people looked first at the Nasdaq and only then at their own portfolios. But what’s really worth reviewing is the transmission chain between the two—and how much shorter it’s becoming.
According to Bloomberg, chip stocks’ losses snowballed after the election results were finalized, with the Nasdaq 100 plunging about 6%. A gauge of chip giants fell 11%, putting it on track for its worst week since the tariff crash in April 2025. Nvidia fell 8%, while Tesla and SpaceX each dropped 11%. Meanwhile, Bitcoin fell 5.5% to $75,737, and Ethereum dropped 6.9% to $2,249.55. The S&P 500 fell 3.7%, and the MSCI global index lost 2.7%.