Topline: Tesla and Intel headlined broader losses across tech stocks as trading opened Friday, continuing a slump for major indexes a day after markets posted their worst declines in more than a month.
**Key Facts: Bitcoin Leads Cryptocurrency Rout**
The cryptocurrency market was also hit by a selloff, with the price of Bitcoin dropping below $96,000 for the first time in six months before paring back earlier losses. The world’s most valuable cryptocurrency is down more than 6.3% over the past 24 hours, falling to around $96,466 after earlier dipping as low as $94,592—the lowest level since May.
Ether, the token with the second-largest market cap, dropped to $3,130, down more than 10.3% over the past 24 hours. Other major cryptocurrencies, including XRP, Solana’s SOL, and Binance’s BNB, also saw declines, falling 8.8%, 10.5%, and 6.2% respectively.
Crypto-linked stocks similarly declined, with MicroStrategy down 3.9% and Coinbase dropping 1.3%.
https://bitcoinethereumnews.com/bitcoin/tech-leads-stock-slide-bitcoin-drops-below-96000/