4E: Technology stocks lead the decline and US stocks plummet, crypto market panic intensifies
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According to news on February 28, US stocks fell sharply again on Thursday, with the three major indexes collectively closing down, the Dow Jones Industrial Average fell 0.43%, the S&P 500 fell 1.59%, and the Nasdaq fell 2.78%. The technology sector led the decline, with the seven giants falling collectively and the market value evaporating by nearly US$550 billion. Among them, Nvidia's latest financial report performed "good but not amazing", causing the stock price to rise 2% from the opening to lead a decline of more than 8% from the closing, and its market value evaporated by more than US$270 billion.
The crypto market plummeted again under the tech stocks, with Bitcoin falling below $80,000, a new low since November 11 last year, with a 24-hour decline of 4.7%; Ethereum fell to around $2,100, erasing all gains since August last year; SOL fell below $130, the lowest in five months. Currently, from the historical high, Bitcoin has fallen by more than 25%, Ethereum has fallen by more than 45%, SOL has fallen by more than 55%, and a large number of altcoins have also fallen to their lowest point in history in the past two days. Market sentiment continues to be in a state of extreme panic. Although the decline is huge, there are still no signs of stopping the decline.