#GlobalTechSell-OffHitsRiskAssets — Crypto in the Crossfire
The recent global tech sell-off isn’t just Nasdaq pain. Its shockwaves are hitting all risk assets, including crypto. Understanding the dynamics is critical for strategic positioning.
📉 Drivers of the Sell-Off
1. Rising Interest Rate Pressure
Growth-oriented, leveraged tech stocks are highly sensitive to rates.
Higher bond yields → future cash flows discounted → valuations decline.
2. Risk-Off Sentiment Spreads
Investors rotate from equities to safe havens: USD, bonds, gold.
Crypto, as a high-beta asset, experiences immediate pressur