Market Overview: Tech Giants and Major Indices Experience Significant Losses
In a challenging trading session, the leading indices have reported notable declines. The S&P 500 has seen a drop of $5.3 billion, while the NASDAQ 100 experienced a decrease of $4.4 billion. The DOW 30 followed suit, with losses amounting to $2.3 billion. The Group of Seven (G7) nations, particularly highlighting the performance of major technology stocks, witnessed a downward shift of $5.1 billion.
As of 20:00 UTC, Bitcoin (BTC) is trading at a price of $62,838. The cryptocurrency market appears to reflect the broader trend of market sentiment, as selling pressures are evident. Heading into the closing bell, there is a clear net selling pressure in Market on Close (MOC) orders, with sell orders surpassing buy orders. Investors are advised to stay cautious as the market navigates through this turbulent phase.
Source: https://en.coinotag.com/breakingnews/major-market-indices-experience-significant-losses-as-bitcoin-price-stands-at-62838/