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Watching crypto stocks get absolutely hammered right now. Nasdaq's in correction territory and the whole market's looking rough - we're talking a $17 trillion rout across the broader market. Pretty brutal to see how crypto equities are getting dragged down with everything else.
It's interesting how crypto stocks are moving lock-step with traditional market weakness these days. Used to feel like they had their own thing going, but clearly when the route market turns south like this, there's nowhere to hide. The correlation's getting tighter.
Guess this is a good reminder that even crypto plays are still tied to macro conditions. When the Nasdaq's struggling, crypto stocks follow. Wonder how long this correction runs.