We've seen an absolute vertical crash sweeping through the Nasdaq, Bitcoin, and the broader crypto market all at once.

A perfect storm that wiped out a staggering $450 million in liquidations in just 10 minutes.

Triggering this fresh sell-off in tech and chip stocks were late-night messages from Democrats, paired with mounting hurdles in data center construction.

Very few tech companies were spared.

The Nasdaq set the tone early for a rough session, falling right in line with the promises of the new Congressional majority: tough times ahead for AI, more regulatory roadblocks for infrastructure, and even the possibility of capping the most advanced models.

Adding fuel to the fire, we've seen new reports suggesting the peak of AI investment is already behind us, echoing the exact same narrative the author triggered back in February.

As a result, Bitcoin tumbled to $76,918, posting a 4.74 percent drop.

A dump of this magnitude hasn’t been seen in quite a while.

The $450 million vaporized in 10 minutes with a cascade of liquidations.

The $76,000 mark has been the crucial support level for months, and today we’re barely hanging on above it.