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  • Writer's pictureDominic Konareski

Crypto Takes Huge Hit Before Premarket Trading Opens As Major Stocks Are Up

With less than two hours until the stock market opens on the East Coast, we are already seeing big losses, one of the biggest being Crypto. The CMC Crypto 200 (CMC200) is down 74.55 points with a percentage loss of 13.76% along with a 1,631.22-point loss of Bitcoin USD (BTC-USD) which is down a total of 6.70% so far. Other stocks such as Tesla (TSLA) and Netflix (NFLX) are both down almost 8% before the 9:30 market opening. The S&P Futures, Dow Futures and Nasdaq Futures are all up, but by less than one percent.

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