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  • T-News

    Investors appeared to rotate out of tech names Tuesday. The sector had seen a boost last week as traders weighed the prospect of more interest rate cuts. Also, bitcoin touched an intraday all-time high near $125,000 last week.

    On Tuesday, the Nasdaq Composite was down more than 1%, weighed down by declines in Nvidia and other tech heavyweights.

    The crypto market tends to be vulnerable to moves in tech stocks due to their growth-oriented investor base, narrative-driven price action, speculative nature and tendency to thrive in low interest rate environments.

  • News

    Crypto stocks tumble as investors go into risk-off mode

    Crypto stocks suffered Tuesday as investors fled tech stocks and riskier corners of the market.

    Among crypto exchanges, Coinbase and eToro fell more than 5% and 6%, respectively, while Robinhood and Bullish both dropped more than 6%. Crypto financial services firm Galaxy Digital tumbled 10%. In the burgeoning sector of crypto treasury firms, Strategy lost 7%, SharpLink Gaming slid 8%, Bitmine Immersion slumped 9% and DeFi Development tumbled 13%. Stablecoin issuer Circle lost 4.5%.

    Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than 5% to the $4,100 level, according to Coin Metrics.

  • Financial News

    Making big financial decisions when the world is giving you heartburn

    When you’re making a big financial decision – whether to buy a house, change careers, retire, etc. – chances are you already have a number of concerns.

    But add to those a series of external events that seem tailor-made to tweak anyone’s financial anxiety.

    Through it all you’ve been living your life and trying to make smart financial decisions.

    CNN talked with three certified financial therapists, two of who are also certified financial planners, about how to handle a big decision if external factor are adding to your concerns about whether to make a move.  Here are the five steps they recommend.