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btchoaky
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#BTCHOAKY 🇺🇸📉 **WALL STREET IN FLAMES: TRILLIONS OF DOLLARS IN MARKET VALUE WIPED OUT!**
The U.S. stock market is showing some worrying signs.
According to The Kobeissi Letter, more than **60% of S&P 500 stocks have fallen at least 20%** from their all-time highs, officially entering bear market territory.
Notably, the Magnificent 7 tech giants are said to have lost a total of around **$4,000 billion in market value** from their peak levels. Four of the stocks have reportedly entered bear market territory.
📉 **WHAT'S NEXT FOR BITCOIN?**
When even leading tech stocks are facing heavy selling, money could continue flowing out of risky assets like Bitcoin.
I still lean toward BTC continuing to fall, and can't rule out a test of the $74,000 level.
**U.S. stocks are experiencing major turbulence. Can Bitcoin avoid an even steeper drop?** 👀
#SP500 #WallStreet #Bitcoin #BTC #Crypto #GiaCatTrader $BTC
#BTCHOAKY 🇺🇸📉 **WALL STREET IN FLAMES: TRILLIONS OF DOLLARS IN MARKET VALUE WIPED OUT!**
The U.S. stock market is showing some worrying signs.
According to The Kobeissi Letter, more than **60% of S&P 500 stocks have fallen at least 20%** from their all-time highs, officially entering bear market territory.
Notably, the Magnificent 7 tech giants are said to have lost a total of around **$4,000 billion in market value** from their peak levels. Four of the stocks have reportedly entered bear market territory.
📉 **WHAT'S NEXT FOR BITCOIN?**
When even leading tech stocks are facing heavy selling, money could continue flowing out of risky assets like Bitcoin.
I still lean toward BTC continuing to fall, and can't rule out a test of the $74,000 level.
**U.S. stocks are experiencing major turbulence. Can Bitcoin avoid an even steeper drop?** 👀
#SP500 #WallStreet #Bitcoin #BTC #Crypto #GiaCatTrader $BTC
The U.S. stock market is showing some worrying signs.
According to The Kobeissi Letter, more than **60% of S&P 500 stocks have fallen at least 20%** from their all-time highs, officially entering bear market territory.
Notably, the Magnificent 7 tech giants are said to have lost a total of around **$4,000 billion in market value** from their peak levels. Four of the stocks have reportedly entered bear market territory.
📉 **WHAT'S NEXT FOR BITCOIN?**
When even leading tech stocks are facing heavy selling, money could continue flowing out of risky assets like Bitcoin.
I still lean toward BTC continuing to fall, and can't rule out a test of the $74,000 level.
**U.S. stocks are experiencing major turbulence. Can Bitcoin avoid an even steeper drop?** 👀
#SP500 #WallStreet #Bitcoin #BTC #Crypto #GiaCatTrader $BTC
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