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KuCoin Daily Market Watch: U.S. Equities Suffer Sharp Sell-Off
KuCoin's daily market watch shows the Nasdaq, S&P 500, and the Philadelphia Semiconductor Index experiencing significant declines. BTC and ETH also fell, with BTC retreating from above $80K to $76K and ETH below $2,250. The market is facing concerns over AI regulation, data center restrictions, and stretched valuations, leading to broader risk aversion and leveraged liquidations. Hedge funds are also deleveraging, and forced selling across asset classes could intensify volatility.