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US stocks lose $1.25T in a day — more than entire crypto market cap

Published 08/27/2022, 06:43 AM
Updated 08/27/2022, 08:20 AM
US stocks lose $1.25T in a day — more than entire crypto market cap

Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy.

Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single session.

Total crypto market cap 1-day candle chart. Source: TradingView
Fed target rate probabilities chart. Source: CME Group (NASDAQ:CME)
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
ETH/USD 1-day candle chart (Binance). Source: TradingView

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