Reported 2 months ago
On August 5, 2024, stock market indexes including the Dow Jones, Nasdaq, and S&P 500 saw dramatic declines, paralleling a significant drop in the cryptocurrency market with Bitcoin falling over 10%. This downturn affected several crypto-related stocks such as MicroStrategy, Robinhood, and Coinbase, leading to substantial losses. Yahoo Finance's Josh Schafer provides an analysis of the ongoing sell-off in the crypto sector.
Source: YAHOO