Why did the S&P 500 lose over $2 trillion in 40 minutes today?

Crypto Insight Summary: The S&P 500 just lost roughly $2 trillion in market value in 40 minutes, and Wall Street has the midterm elections to thank for a good part of the panic. Thursday’s selloff came after Democrats won control of both chambers of Congress, leaving investors worried about what happens next to America’s expensive AI ambitions. The... Crypto Insight Analysis: Direction: Bearish Crypto Market Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: A $2T equity plunge signals severe risk-off sentiment, likely pressuring crypto through deleveraging.