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But we saved everything 🙂.
Over $2 trillion wiped from markets in hours, Jacob King warns
Jacob King, CEO at WhaleWire, reports that markets have plunged, losing over $2 trillion in value in less than two hours.
According to King, the S&P 500 reversed gains to fall more than 2%, erasing about $1.1 trillion in market capitalization, while the Nasdaq dropped around 3.75%, resulting in another $800 billion loss.
King has previously predicted a record 65% chance that Bitcoin could fall below $50,000 in 2026, citing risks for this year as well in a recent report. He also reported that Strategy posted its largest ever unrealized Bitcoin loss at $12 billion after a BTC sale, according to WhaleWire data. These developments add further context to his current warnings about rapid market losses.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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