MicroStrategy stock opens 23% lower as crypto markets slide By AdamMorganMc
$23,815 at the time of writing, its lowest level since December 2020. Cryptocurrency prices were down as a whole as the global crypto market cap fell below $1 trillion for the first time since January 2021.
Broader financial markets have been rattled by a tough macroeconomic landscape as governments and central banks address rapidly growing inflation, with data last week showing US inflation reached a 41-year high of 8.6%. This has left most major US stock indexes down year-to-date. The S&P 500 has lost 21%, the Nasdaq Composite is down 30% and the Dow Jones Industrial Average has slipped 16%.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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