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. 

 

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