Tech Stocks Plummet, Bitcoin Drops
Update: 2025-11-14
Description
On November 14th, major US stock markets, particularly tech stocks, plummeted, with the Nasdaq Composite index dropping over 2.3% and the S&P 500 index falling 1.7%. Prominent tech companies like Nvidia, Tesla, and Oracle also experienced significant losses. The cryptocurrency market, including Bitcoin, felt the pressure, with prices dropping due to growing uncertainty about future interest rate decisions. The Federal Reserves potential rate cut in December is now a topic of debate, with traders betting theres only a 50% chance, down from over 90% two weeks ago. This shift was further influenced by investor Michael Burry closing his hedge fund, citing a mismatch between his value estimation and current markets.
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