The Nasdaq fell 2% and semiconductors cratered 8%, dragging Bitcoin to $58K. The Crypto Fear & Greed Index hit 13, signaling extreme fear across markets.

Wall Street fell as chip stocks slid, Fed signals stayed hawkish, bitcoin weakened and Iran talks advanced.

The Nasdaq fell over 2% as investors questioned $527 billion in projected AI spending. Nvidia, Alphabet, Intel, and AMD led the selloff after a nine-week