Following disappointing financial performances from Tesla and Alphabet, seven major U.S. tech stocks suffered a brutal Wednesday, with all four major indices plunging. This downturn in market sentiment may have also impacted Bitcoin, which briefly fell below $64,000. Additionally, recent actions by Mt. Gox to compensate creditors with 10,216 bitcoins further exacerbated concerns about market sell-offs.
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After Tesla and Alphabet reported disappointing financial results, U.S. tech giants saw a dismal performance in stock prices on Wednesday. All four major U.S. indices experienced significant declines, potentially affecting Bitcoin as it briefly dropped below $64,000. Mt. Gox’s recent distribution of 10,216 bitcoins to creditors has heightened apprehensions about market liquidations.