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Crypto markets are clinging to relative stability on Monday as a wave of selling tears through virtually every other asset class on the planet, from Mumbai to Manhattan, in what is shaping up to be one of the most consequential trading days in recent memory. The numbers are staggering. Two trillion dollars has been wiped from U.S. stock market futures alone. The S&P 500 is down 2.5%, the Nasdaq is off 2.9%, and the Dow Jones is shedding 2.6% before a single share has traded in New York. In India, the carnage is already visible on the scoreboard: the Sensex has plunged over 2,400 points, and the Nifty has broken below 23,800, erasing approximately 12 lakh crore rupees in investor wealth in a single session. submitted by /u/minibuddy0 |
