News
Wall Street loses $3 trillion in a session, exceeding total crypto market cap
Wall Street experienced a significant downturn, with the S&P 500 losing approximately $3 trillion in market value in a single session, marking the largest single‑day wipeout on record. The Nasdaq also fell about 6.4% amid the sell‑off. The total cryptocurrency market capitalization was estimated at $2.55‑$2.65 trillion, which is less than the amount erased from the S&P 500. The comparison underscores the relatively small size of the crypto market versus traditional equities.