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

Cointelegraph

Published Aug 27, 2022 06:43AM ET

Updated Aug 27, 2022 08:20AM ET

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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