Cryptocurrencies mirrored the broader market downturn on Wednesday, with Bitcoin and Ethereum experiencing significant drops. The sell-off follows a period of strong gains earlier in the week, and analysts point to factors such as rising Treasury yields and the strengthening US dollar as contributing to the decline.
The technology-heavy Nasdaq Composite suffered its sixth straight session of losses on Friday, with Nvidia stock dropping 10%. The Philadelphia Semiconductor Index also fell, mirroring declines in Asian markets. Geopolitical unrest and a disappointing earnings report from ASML Holding contributed to the negative sentiment.
