🚨🚨🚨BREAKING NEWS🚨🚨🚨

US Stock Exchange Falls, Crypto Market and $BTC Also Collapse in Red Zone❗❗❗

The crypto market weakened today, Thursday (18/7/2024) along with the decline in the United States (US) stock exchange at the close of last trading.

Quoted from coindesk.com, the crypto market reversed gains sharply after previously strengthening quite significantly.

This came as the main US stock indexes also experienced declines, with the tech-rich Nasdaq down 2.7% and the S&P 500 down 1.3%. Mega Cap tech stocks such as chipmaker Nvidia (NVDA), which have been the biggest contributors to recent record highs, have struggled in recent days as investors shifted capital to stocks with smaller market caps in anticipation. friendlier interest rates later this year. Nvidia fell 6.5% on Wednesday, although it is still up 145% so far this year.

Joel Kruger, a market strategist at LMAX Group, stated that the crypto rally may stall if the market sell-off turns into a deeper correction, but over the longer term it could become a haven for investors fleeing stocks.

"But even in such a case, there would be plenty of reasons to want to buy $BTC as a safe breakout asset, and plenty of reasons to want to buy other crypto assets on a dip based on the potential for major innovation," he added.