Bloomberg.com•10 months ago•

Bitcoin Plunges Below $90,000 as Global Stocks Tumble: What's Next for Investors?

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Summary:

Bitcoin dropped below $90,000, reaching a seven-month low amid investor caution
Global stocks declined to one-month lows, with Asian shares falling 2.3% and breaking below key technical levels
Market pullback driven by anticipation of Nvidia earnings and the upcoming US jobs report
Futures signal further losses for S&P 500 and Nasdaq 100, with European stocks expected to open weaker

Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market in the run-up to Nvidia Corp.’s earnings and a pivotal US jobs report.

Global stocks dropped to a one-month low, while a gauge of Asian shares fell 2.3% and slipped below its 50-day moving average for the first time since April. Futures indicated more losses for the S&P 500 and the Nasdaq 100 indexes after the US benchmarks both retreated Monday. European stocks are also primed for a weak open.

Source: Bloomberg.com