#AIChipSlumpNasdaq
🧨 Chips Lost 12.2% in One Day. Crypto Didn't Escape
The AI-chip selloff handed the Nasdaq a fourth straight weekly loss, and rising Fed hike bets carried the risk-off mood into crypto.
📉 Philadelphia chip index fell 12.2% on Thursday alone
📉 SanDisk -27.4% and Micron -22% on the week
📊 Nasdaq -3.4% to 24,579, a 4th weekly drop in a row
🏦 December hike odds near 80% after the 165K payrolls beat
📉 BTC fell 4.5% last week, a fifth red weekly close
Zoom out: tech and BTC are now trading the same rate fear into Tuesday's CPI.
Nasdaq above 25,000 or below 24,000 by Friday? 👇
$BTC $ETH
#AIChipSlumpNasdaq #Nasdaq #Macro
🧨 Chips Lost 12.2% in One Day. Crypto Didn't Escape
The AI-chip selloff handed the Nasdaq a fourth straight weekly loss, and rising Fed hike bets carried the risk-off mood into crypto.
📉 Philadelphia chip index fell 12.2% on Thursday alone
📉 SanDisk -27.4% and Micron -22% on the week
📊 Nasdaq -3.4% to 24,579, a 4th weekly drop in a row
🏦 December hike odds near 80% after the 165K payrolls beat
📉 BTC fell 4.5% last week, a fifth red weekly close
Zoom out: tech and BTC are now trading the same rate fear into Tuesday's CPI.
Nasdaq above 25,000 or below 24,000 by Friday? 👇
$BTC $ETH
#AIChipSlumpNasdaq #Nasdaq #Macro
