NASDAQ 100 plunges 6%, erasing $2.3T in market value

The Nasdaq 100 fell 6%, wiping out $2.3 trillion in market value and triggering a broader tech selloff that spilled into crypto markets. The drop weighed on Bitcoin and reduced confidence in its near-term growth as risk appetite soured across equities and digital assets. The scale of the loss—$2.3 trillion erased in a single session—underscores how tightly crypto sentiment has become correlated with tech stocks. Traders will watch whether Bitcoin can hold key support levels and whether the Nasdaq stabilizes in the coming sessions.