Cryptocurrency stocks were also falling amid a broader stock market rout, with technology shares bearing a brunt of the recent downtrend. The tech-heavy equity index Nasdaq fell through some key technical support levels, including the 200-day moving average, for the first time since April 2020, Craig Erlam, senior market analyst at Oanda Corp, told clients in a note on Friday.
Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout
