Dow futures sink 200 points, bitcoin continues its slide

U.S. stock-index futures and cryptocurrency costs fell late Sunday, following Wall Street’s worst week since October.

Dow Jones Industrial Average futures
YM00,
-0.71%
fell greater than 200 factors Sunday evening, whereas S&P 500 futures
ES00,
-0.60%
and Nasdaq-100 futures
NQ00,
-0.32%
additionally sank.

Stocks fell sharply Friday after hawkish feedback from St. Louis Federal Reserve President James Bullard that advised rates of interest must be raised as quickly as late 2022, a few yr forward of the Fed’s perceived schedule.

For the week, the Dow
DJIA,
-1.58%
slid 3.5%, its second straight weekly decline and its steepest drop for the reason that week of Oct. 30, 2020. The Nasdaq
COMP,
-0.92%
slipped 0.3%, snapping its four-week profitable streak, and the S&P 500
SPX,
-1.31%
fell 1.9%, ending a three-week profitable streak.

Meanwhile, cryptocurrencies continued to fall over the weekend, following a latest crackdown by China in opposition to crypto miners. Bitcoin
BTCUSD,
-2.29%
fell as little as $33,400 on Sunday, earlier than recovering above the $35,000 stage. Bitcoin is down about 9% over the previous 5 days. Prices of ethereum
ETHUSD,
-3.37%
and dogecoin
DOGEUSD,
-7.04%
additionally fell Sunday.

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About the Author: Daniel