The stock and crypto markets are going down today, erasing billions of dollars in value, and continuing a trend that has been going on since last week.

Stock and Crypto Markets Have Crashed

Bitcoin pulled back below $90,000 and was trading at $88,900 at press time. Similarly, Ethereum price dived below the key support level at $3,000, while the market capitalization of all coins dropped by nearly 4% in the last 24 hours to $3 trillion.

The stock market also dived, with the Dow Jones, S&P 500, and Nasdaq 100 indices falling by over 1%. Global indices like the Nikkei 225 and the Hang Seng have also retreated sharply.

These assets are tumbling because of the…