Tech Stocks Bleed Out Five Full Bitcoin Network’s Worth Of Value In Three Days

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If you think the amount of money lost during Bitcoin’s $2,000 plunge last week was a lot, it was barely a blip compared to the $1 trillion in market cap lost among the top six tech stocks this week. But why was the collapse in tech stocks so violent, and what does this mean for the first-ever cryptocurrency? Top Tech Stocks See Over $1 Trillion Eliminated In Three Days, But What’s This Mean For Crypto? Last week, the crypto market began to collapse after an over 80% year-to-date market-wide rally and over 60% returns for the year in Bitcoin. The cryptocurrency had been the best-performing mainstream asset in the year, even beating out top tech stocks like Amazon, Microsoft, Alphabet, Facebook, Alibaba, and Apple. These same top six tech stocks this week plummeted by a combined over $1 trillion in market cap lost. Analysts have pointed to these companies being…

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