Nasdaq Tumbles 2.86% in Broad Sell-Off as Bitcoin, Gold and Silver Slide Together
IXIC sits 23% above its 52-week low of $20,690.249.
Summary
The Nasdaq Composite dropped 2.86%, its steepest single-day decline since June 05, as worries about AI spending and stretched tech valuations hit the tape. The S&P 500 fell 1.82% and the Dow lost 1.09%. The selling was not confined to equities: Bitcoin slid to $77,328 after a security breach at Binance, gold fell 3.68% to $3,872.86 and broke below its $3,930-$3,950 support zone, and silver dropped below $50. The cross-asset move points to broad risk aversion and possible liquidity pressure rather than a single-sector story, and it follows a September stretch where oil-driven geopolitical selling and a Fed rate hike already weighed on stocks. Bitcoin's $74,336 level and gold's $3,824 level are the near-term supports that would determine whether this deepens.
At the time of this announcement, IXIC was trading at $25,437.00 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,722.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Coinpedia.