Bitcoin, altcoins at risk as Nasdaq 100, S&P 500 hit death crosses
🚨💸 Bitcoin, altcoins at risk: The Great Crypto Crash of 2025? 🤯
Ha! Look at the mighty Bitcoin, the king of cryptocurrencies, trembling like a leaf in the wind. Its year-to-date high of $109,300 has turned into a distant memory, a mere whisper of a bygone era. Now, it’s stuck at a paltry $77,396.43, a number that makes even the most optimistic of investors weep. 🤣
And don’t even get me started on the altcoins! Ethereum (ETH) has plummeted below $1,900, while Ripple (XRP) and Cardano (ADA) have fallen to $2.1 and $0.65, respectively. It’s a veritable bloodbath out there, folks! 🤯
The altcoin season index, that sacred cow of crypto enthusiasts, has moved to a mere 15. The crypto fear and greed index has dropped to the fear zone of 25, and the market cap of all coins has dropped by over $1 trillion. It’s a crypto apocalypse, I tell you! 😱
US equities have slumped this year
But wait, there’s more! The US equities are selling off, and it’s not just a minor blip on the radar. The blue-chip S&P 500 index has dropped by almost 10% from its highest point this year. And the tech-heavy Nasdaq 100 index has moved to $19,280, down by 13% from its highest level this year. It’s a perfect storm, folks! ⛈️
And what’s behind this sell-off? Well, it’s not just the usual suspects like inflation and recession. No, no! It’s the artificial intelligence industry that’s slowing down, and the reciprocal tariffs and global trade war that have economists quaking in their boots. 🤪
Most AI stocks, including popular names like NVIDIA, AMD, Microsoft, SoundHound, and C3.ai, have all dropped sharply this year. NVIDIA’s market cap has dropped from $3.4 trillion earlier this year to $3.6 trillion. It’s a bloody massacre, I tell you! 🤯
S&P 500, Nasdaq 100 death cross
And now, the final nail in the coffin: the S&P 500 and Nasdaq 100 indices have formed a death cross, that most ominous of technical indicators. It’s a sign that the market is in for a world of hurt, folks! 😱
The last time the Nasdaq 100 index formed a death cross was in 2022, and it dropped by almost 40% during the year. And let’s not forget, historically, the crypto and stock markets are highly correlated, like two peas in a pod. When the stock market drops, cryptocurrencies usually follow suit. It’s a vicious cycle, folks! 🤯
So, buckle up, crypto enthusiasts! It’s going to be a bumpy ride. 🎢
Read More
- Top gainers and losers
- FC Mobile 25 Hero Chronicles event Guide and Tips
- The White Lotus Season 4 release date, location, and more
- ARC PREDICTION. ARC cryptocurrency
- All Overwatch 2 Totally Normalwatch event challenges and rewards
- The best Monster Hunter Wilds mods and how to install them
- What is Venus Vacation Prism? – Dead or Alive Xtreme explained
- Bridgerton’s Simone Ashley and F1 Star Carlos Sainz Jr. Team Up for L’Oreal Ad in Paris
- Weak Hero Class 1 Ending Explained
- Solo Leveling: ARISE Team Composition Guide and Tips
2025-03-30 18:34