Crypto-related stocks and the Nasdaq 100 index faced significant declines on Friday as a broader $17 trillion market rout intensified amid rising geopolitical tensions and economic uncertainty.

Key points

• Crypto-linked stocks including Coinbase, MicroStrategy, and Robinhood fell between 5% and 10% during Friday’s broad market sell-off.
• The Nasdaq 100 officially entered correction territory, trading more than 10% below its January all-time high.
• Approximately $17 trillion in market value has been erased from peak levels across major tech stocks, precious metals, and bitcoin.
• Bitcoin miners, including Riot Platforms and Marathon Digital, posted losses of 5% to 8% as investors reduced risk ahead of the weekend.
• Federal Reserve officials expressed concerns that rising oil prices and regional conflict could further complicate inflation and economic growth.

The widespread decline across both traditional equities and digital assets signals a shift in investor sentiment as geopolitical instability and inflation fears challenge market resilience. This volatility highlights the increasing difficulty for investors to find safe havens as both stocks and bonds face simultaneous downward pressure.