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4E: Technology stocks lead the decline and US stocks plummet, crypto market panic intensifies
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5 hours ago 7,524
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.
Keywords: Bitcoin
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