How are the stocks of DAT companies faring following the major crypto market crash?
Author: David, Deep Tide TechFlow
On the afternoon of October 10, President Trump announced on Truth Social a 100% tariff on Chinese goods. This news immediately triggered panic across global financial markets.
In the following 24 hours, the cryptocurrency market experienced the largest liquidation event in its history, with over USD 19 billion in leveraged positions forcibly liquidated. Bitcoin plummeted from USD 117,000 to below USD 102,000 at one point, marking a daily decline of more than 12%.
The U.S. stock market was no exception. At the close on October 10, the S&P 500 Index fell by 2.71%, the Dow Jones Industrial Average dropped by 878 points, and the Nasdaq Composite Index declined by 3.58%, all recording their largest single-day…
