Tech Stocks
BNB fell about 3% on Wednesday as renewed volatility in Bitcoin and weakness in U.S. tech stocks pushed sentiment toward risk-off across crypto. The move highlights growing correlation between major tokens and broader risk assets.
Bitcoin tumbled below $96,000 as global equity losses deepened and tech stocks posted their worst decline in over a month. Diminishing Fed rate cut odds—now around 52%—intensified a risk-off shift that pressured crypto markets.
On October 10, 2025, President Trump's warning of increased tariffs on Chinese goods sparked a sharp decline in US stock markets. Major indexes like Dow Jones, S&P 500, and Nasdaq saw steep drops, especially in tech stocks exposed to China. This development has heightened trade tensions and investor caution.