Coinspeaker
Top Analyst Turns Bearish on Tech Stocks and Crypto Ahead of Bitcoin Halving 2024
The cryptocurrency market led by Bitcoin (BTC) and Ethereum (ETH) closely mirrored major stock indexes in Europe, Asia, and the United States in general correction in the past 24 hours. Notably, around $300 million has been liquidated from the crypto derivatives market, mostly involving long threaders. Furthermore, Bitcoin and Ether prices dropped around 5 percent in the past 24 hours to trade at about $63,326 and $3,087 respectively.
In the United States, the Dow Jones Industrial Average (DJIA), the S&P 500, and the NASDAQ Composite Index (NASDAQ: COMP) slipped 0.65 percent, 1.2 percent, and 1.79 percent respectively in the past 24 hours.
In Europe, the FTSE 100, DAX, and CAC 40 all dropped by around 1.3 percent in the past 24 hours. In Asia, the Nikkei 225, Asia Dow, and Hang Seng declined by about 2 percent in the past 24 hours.
The general wide market drop was largely attr
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