4E: Technology stocks lead the plunge in the US stock market, crypto market fears intensify

BlockBeats news, on February 28, Thursday, the U.S. stock market once again experienced a significant fall, with all three major indices collectively falling. The Dow fell by 0.43%, the S&P 500 fell by 1.59%, and the Nasdaq fell by 2.78%. The technology zone led the decline, with the seven tech giants collectively losing nearly $550 billion in Market Cap. Among them, Nvidia’s latest financial report showed ‘good but not amazing’ performance, causing the stock price to rise by 2% at the opening and then fall by over 8% at the close, with Market Cap evaporating over $270 billion. The encryption market experienced another big dump driven by tech stocks, with BTC falling below $80,000, hitting a new low since November 11 last year, with a 4.7% fall in the past 24 hours; ETH fell to around $2,100, erasing all gains since August last year; SOL fell below $130, reaching the lowest point in 5 months. Currently, compared to the historical highs, BTC has fallen by over 25%, ETH has fallen by over 45%, SOL has fallen by over 55%, and a large number of AltCoins have also fallen to their all-time lows in these two days. The market sentiment remains in a state of extreme panic, with significant falls, but no signs of stopping the decline. In the forex market, as Trump’s tariff schedule becomes clearer, the dollar has risen by over 0.7%; the oil market has strengthened and closed at a high, with U.S. oil rising by over 2.5%; the strong dollar has put pressure on gold, with Spot gold experiencing a big dump of 1.3%, hitting a new low for over two weeks during trading. With signs of weakening in the U.S. economy and renewed recession concerns, the uncertainty of Trump’s policies has intensified market anxiety about the economic outlook, leading to a double decline in the U.S. stock market and the encryption market, intensifying market panic. As a financial trading platform that supports Cryptocurrency, stock indices, bulk gold, forex, and other assets, 4E recently launched a USDT stablecoin financial product with an APR of 8%, providing investors with potential hedging choices. 4E reminds you to be aware of market Fluctuation risks and to allocate assets reasonably.