BTC falls back to $75,000 as Nasdaq sinks 2%
Crypto’s Tuesday has turned from bad to worse as a broader sell-off in the tech sector and financials is unfolding.
Bitcoin has fallen back 5% to $75,000 in the early U.S. afternoon hours, only a few hundred dollars above its low from last weekend. Ethereum’s ether has dropped 6.5% to near $2,200, while Solana slipped below $100, down 5.5%.
Shopify (SHOP), Adobe (ADBE), Salesforce (CRM), Intuit (INTU) were just a few names of the broader tumbled 7%-12% during the session. The iShares Expanded Tech-Software ETF (IGV) declined 5% today. The thematic fund has now lost 14% in just a week and is nearly 28% lower since its October peak.
Also down hard today are private-equity stocks, with giants like…
