Markets Take A Deep Dive; Leaving Crypto In The Dust

Markets Take A Deep Dive; Leaving Crypto In The Dust

On Wednesday, Ethereum and Bitcoin fall more than 15% within 24 hours. The Nasdaq falls near 2.5%, the S&P down a little more than 2%, and the Dow Jones down nearly 2%. 

Amazon becomes the first company to lose over $1 trillion in market value. Tesla stock continues to fall as Elon Musk continues to sell shares. Sam Bankman-Fried warns FTX investors of scary economic conditions as Binance drops FTX from potential acquisition.

The U.S. midterm election results remain unclear, leaving investors uncertain of upcoming market dynamics. 

 

Back to blog