Today, $3.25T was wiped from the markets, with $1.75T erased from US stocks, nearly $1T from gold, $300B from silver, and another $200B from crypto.
The Nasdaq plunged 4.18% to 25,709.43, its worst day since the April 2025 tariff-driven selloff, while the S&P 500 fell 2.64% to 7,383.74.
Among the biggest losers in the stock market were semiconductor names, with Marvell down 13.7%, Micron down 13.3%, Super Micro down 11.0%, and AMD down 10.9%, leading the decline. Several other AI-linked and growth stocks also finished sharply lower.
Bitcoin fell below $59,100 for the first time since October 2024, while Ethereum dropped under $1,600. This led major assets lower, with losses exceeding 10%. Solana, Avalanche, Zcash, and Sui were also among the worst-performing cryptocurrencies as the selloff spread across the market.