The market has lost over $100 billion in the last 12 hours, what happened?
Stock market decline -#Alphabet and #Tesla reported lower revenues and profits, causing their stocks and the S&P 500 and #NASDAQ to fall. The largest companies lost $500 billion, and the entire US market lost $1.1 trillion.
BTC distribution from Mt. Gox – Bitstamp began distributing over 35 thousand BTC, which caused the price to drop below $64k. ETH also fell significantly due to large outflows and fund fixings.