According to The Kobeissi Letter, the S&P 500 hit an all-time high of 6147 on February 19th, but the market experienced a selloff in March after President Trump stated he was 'not watching the market.' A relief rally occurred on March 13th, but was followed by the announcement of a 25% auto tariff, which has led to the current market correction as of the latest updates.

According to The Kobeissi Letter, Friday's market selloff impacted nearly all sectors except Utilities and Healthcare, indicating a shift towards polarized sentiment. The S&P 500 is experiencing an average daily movement of over $500 billion, highlighting increased volatility which traders should monitor closely for potential opportunities.

According to The Kobeissi Letter, the cryptocurrency market capitalization has dropped by over $120 billion as a widespread selloff intensifies.

According to The Kobeissi Letter, the cryptocurrency market has witnessed a significant decline, with market cap losses now exceeding $120 billion as the selloff intensifies across various digital assets.

According to Eric Balchunas, the recent Bitcoin selloff was initially thought to be connected with a hack or stock market struggles. However, he emphasizes the need to reconsider these factors and suggests that market sentiment is now influencing Bitcoin's performance. He indicates that public opinion, often swayed by media figures, may play a significant role in trading actions (source: Twitter/@EricBalchunas).

According to Eleanor Terrett, a crypto asset manager believes the crypto market consists of three cohorts: crypto enthusiasts and traders, institutional investors, and casual investors. These groups react differently during market selloffs, impacting trading strategies and market dynamics.

According to Greeks.Live, the overall market sentiment is predominantly bearish as Bitcoin (BTC) has broken below the $90K mark, indicating a significant selloff. Traders are closely monitoring support levels at $88K for potential stabilization points.

According to Eric Balchunas, $SPY is up 50 basis points in pre-market trading. However, traders should remain cautious due to a historical pattern of selloffs following Philadelphia sports championships, as seen after the 2018 Super Bowl, which coincided with the 'Volmageddon' market event.

According to Michaël van de Poppe, a notable selloff in altcoin markets is observed, which could be linked to anticipated events such as CPI and PPI releases or Trump's inauguration.