Goldman Sachs Issues $80B Stock Selloff Warning — Will Crypto Industry Be Dragged Further Down?
Key Takeaways
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Goldman Sachs warns the equity selloff may not be over.
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Bitcoin could face short-term pressure if risk-off intensifies.
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Long-term Bitcoin vs. gold debate is resurfacing.
U.S. stocks may face renewed selling pressure in the days ahead as trend-following funds and other strategies continue to cut exposure, according to Goldman Sachs — a development that could also weigh on Bitcoin and other crypto assets if broader risk appetite deteriorates.
Goldman’s trading desk said in a note to clients cited by Bloomberg that market stress remains elevated and liquidity conditions are thin, increasing the risk of continued volatility even after equities staged a rebound late last week.
Goldman said the S&P 500…
