Global markets faced fresh pressure on Friday as technology stocks suffered a major sell-off.
📉 What happened?
Nasdaq dropped 2.9%.
S&P 500 fell 1.8%.
Bitcoin slipped below $77,000.
Investors became concerned about massive AI spending and uncertain returns.
Why does this matter for crypto?
When investors become nervous about expensive technology stocks, risk appetite can weaken across the market. Bitcoin may also face selling pressure as traders reduce exposure.
3 things to watch next:
Bitcoin's ability to recover key price levels.
Upcoming US economic data.
Whether institutional investors return to risk assets.
💡 Remember: A market correction doesn't automatically mean a long-term bear market.
🔥 Your opinion: Is this a buying opportunity or the beginning of a bigger correction?
