"Tech Giants' $550B Wipeout: Nvidia's $270B Plunge"

The U.S. stock market experienced a sharp decline on Thursday, with all three major indices falling. The Dow fell by 0.43%, the S&P 500 Index fell by 1.59%, and the Nasdaq fell by 2.78%. The tech sector led the decline, with the seven tech giants collectively losing nearly $550 billion in market value. Among them, Nvidia's latest financial report showed results that were "good but not amazing," causing the stock price to rise 2% at the opening and then plummet more than 8% at the close, leading to a market value evaporation of over $270 billion.

The cryptocurrency market once again experienced a sharp drop led by the tech stocks. Bitcoin fell below $80,000, hitting a new low since November 11 last year, with a 24-hour decline of 4.7%; Ethereum fell to around $2,100, erasing all gains since August last year; SOL dropped below $130, hitting the lowest point in 5 months. Currently, compared to their historical highs, Bitcoin has fallen by over 25%, Ethereum by over 45%, SOL by over 55%, and a large number of altcoins have also plummeted to their all-time lows in the past two days. Market sentiment continues to be in a state of extreme fear, and despite the significant decline, there are still no signs of a rebound.

On the forex and commodities front, with Trump's tariff schedule becoming clearer, the U.S. dollar rose by over 0.7%; the oil market strengthened and closed at a high, with U.S. oil closing up by over 2.5%; the stronger U.S. dollar put pressure on gold, causing spot gold to plummet by 1.3% and hitting a new low for over two weeks during trading hours.

As the U.S. economy shows signs of weakening and recession concerns reignite, the uncertainty of Trump's policies has intensified market anxiety about the economic outlook. Both the U.S. stock market and the cryptocurrency market have suffered heavy losses simultaneously, with market panic intensifying. As a financial trading platform that supports cryptocurrency, stock indices, bulk gold, forex, and other assets, 4E recently launched a USDT stablecoin financial product