Why Did the US Stock Market Crash? $2 Trillion Wiped Out

Crypto Insight Summary: Wall Street ended October with a brutal selloff, wiping roughly $2 trillion from the Nasdaq-100’s market value as investors questioned whether the artificial intelligence boom could justify its enormous costs. The damage was concentrated in technology stocks. Intel collapsed nearly 29% on Friday, Reddit fell 29%, and Google parent Alphabet lost more than $500 billion Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: A $2T tech-led equity selloff signals sharp risk-off sentiment, likely pressuring crypto via reduced risk appetite.