US equities are opening with a sharp drop.

More than $1.5 trillion in market cap has been wiped out right at the open.

S&P 500: -1.52%
Nasdaq: -2.17%
Dow Jones: -0.60%

Now the main question is how crypto reacts.

If $BTC holds up while equities are selling off, that would be a strong signal. But if the pressure spills over, the market could get another wave of volatility.