According to The Kobeissi Letter, the S&P 500 has experienced its worst day since June 2020, closing down by 4.8%, marking its lowest close since August 2024. Additionally, the Russell 2000 has entered a bear market, and the Magnificent 7 stocks have declined by 25% from their peak, indicating significant market volatility and potential bearish trends.

According to Crypto Rover, the NASDAQ has dropped 4% in pre-market trading, marking its worst day since September 2022. This significant decline could have a ripple effect on cryptocurrency markets, as investors may seek to liquidate assets to cover losses or hedge against further declines. Traders should monitor market sentiment closely and consider diversification strategies to mitigate risk.