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Jason Pizzino, crypto trader and analyst at YouTube / Trading, reports that tech stocks declined sharply, with Tesla suffering the biggest losses and Google not far behind.
Pizzino also notes that U.S. 2-year government bond yields rose to new highs, breaking through the 50% level, suggesting ongoing concerns for future interest rates.
Pizzino has recently focused attention on Bitcoin market trends. Earlier, he indicated that Bitcoin could be nearing a potential bottom tied to an upcoming key date. He also examined Bitcoin’s approach to its four year cycle low and a new Nasdaq signal relevant to crypto trading.