U.S. Retail Investors Experience ‘Black Tuesday’ Amidst Stock Plunges and Crypto Liquidations

Stocks experienced a dramatic sell-off on Tuesday, sending shockwaves through the market. The Nasdaq tumbled over 2%, with Goldman Sachs’ retail-focused index dropping a steep 3.6% – its worst one-day fall since April. Investors fear that this decline is fueled by factors such as Palantir’s disappointing earnings and a recent surge in short-selling, further amplifying the sell-off. The crypto market was equally impacted, with Bitcoin falling below $100,000 and Ethereum dropping more than 10%. A reported $1.3 billion in crypto liquidations occurred, driven by fear and thin liquidity conditions.