Nasdaq Crash: Chip Stocks Fall Up to 11% and Drag Bitcoin Down With Them

The Nasdaq slid into a correction on Thursday, more than 10% below last month's record, as investors dumped chip and AI stocks, CNBC reports. At 17:52 UTC the index stood 4.6% lower on the day after falling as much as 5%, according to Yahoo Finance. Bitcoin went with it and lost more than $5,000 from its high. What began as a tech sell-off became a crypto story within an hour. Our full piece on the Bitcoin crash covers the price levels, hedging and what you can do now. This one looks at Wall Street. Why Is the Nasdaq Crashing?