Fed Rate Hike Triggers $320B Selloff, Bitcoin ETFs Fade
Fed rate hike concerns triggered a $320 billion equity market selloff on October 13, with the S&P 500 falling 0.74%, the Dow dropping 0.52%, and also the Nasdaq declining 0.91%. Bitcoin ETF momentum has cooled significantly right now as investors reassess crypto positions amid tightening monetary policy and rising institutional caution. Major stock indices performance chart showing decline across Nasdaq, S&P 500, and Dow Industrials – Source: FactSet Fed Rate Hike: Markets Slide After Fed Rate Hike as Bitcoin ETF Momentum Slows Fed Rate Hike Bitcoin ETF – Source: Watcher.Guru The Fed rate hike environment has actually intensified crypto volatility and dampened institutional demand for digital assets. All three major indices were trading lower as of 4 p.m. ET on October 13, with widespread selling pressure affecting both traditional equities and cryptocurrency-linked products at the time of writing. The selloff in the equity market indicates increasing worry over th...