U.S. Tech Stocks Hit 18-Month Lows Amid Market Shifts – Coincu
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Key Points: Key Point 1 Key Point 2 Key Point 3 BlockBeats reports U.S. tech stocks have hit 18-month lows as of May 6th, 2025, according to The Kobeissi Letter. The tech stocks’ downturn signals potential shifts within both traditional and cryptocurrency markets. U.S. Tech Stock Lows Signal Major Market Shifts Recent data indicates key U.S. tech stock indicators have reached their lowest points in 18 months. The Kobeissi Letter’s analysis highlights a significant reduction in the U.S. tech-to-global tech ratio, now at 1.6, and the U.S. tech-to-non-tech sector ratio, now at 1.5. According to BlockBeats, these ratios have fallen beyond the lows experienced during the 2022 bear market. Amid this downturn, “U.S. tech stocks have reached 18-month lows in key ratios, significantly impacting both traditional markets and the cryptocurrency sector,” reports The Kobeissi Letter. The Nasdaq 100 index has decreased almost double the rate of the S&P 500 this year. This suggests a more pronounced impact on the technology sector compared to other market areas. Despite the slump, projected liquidity injections into the cryptocurrency market might offer positive developments for digital assets. Industry reactions point to a market poised for recovery. Analysts observe interest in shifts towards digital assets as traditional tech sectors face struggles. Block, Inc.’s volatility exemplifies the current market climate, closing at $46.53, down 20.43% early this month. Crypto Resilience and Growth Amid Tech Slump Did you know? The current tech stock downturn surpasses the severity of the 2022 bear market, marking a notable occurrence in financial history. This reveals a heightened vulnerability in tech sectors compared to previous economic challenges. Bitcoin currently trades at $94,419.60, with a market cap of $1.88 trillion and 63.88% dominance in the market, according to CoinMarketCap. In the past 30 days, Bitcoin experienced a 13.34% price increase, reflecting potential volatility…
Filed under: News - @ May 6, 2025 4:25 am