⁠The Kobeissi Letter
BREAKING: The Nasdaq 100 is now down -500 POINTS as President Trump ramps up tariff threats. https://t.co/gMGkGrq3cB

The market is confused:

We are now seeing 50+ POINT swings in the S&P 500 on an hourly basis as the trade war accelerates.

In just 5 hours today, the S&P 500 erased -$800 BILLION in market cap with 6 swings of 50+ points.

What is happening? Let us explain.

(a thread) https://t.co/tsRXt7Eu9G - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
Nvidia, $NVDA, after crushing earnings expectations:

-$350B of market cap lost during intraday trade alone.

Truly incredible how fast sentiment shifts. https://t.co/yZMZCiK1N9
tweet

⁠The Kobeissi Letter
BREAKING: The SEC has officially dropped its lawsuit against Coinbase, $COIN. https://t.co/Cmfya1uuIF
tweet

⁠The Kobeissi Letter
WOW.

The SEC just said that meme coins are generally NOT considered securities under US federal law.

They also said that meme coins have "limited or no use" and do not need to be registered with the SEC.

This is a MASSIVE statement by the SEC. https://t.co/7KpB2c2481
tweet

⁠The Kobeissi Letter
SEC: "Meme coins typically have limited or no use or functionality."

Did the SEC just call meme coins worthless?

WOW.

The SEC just said that meme coins are generally NOT considered securities under US federal law.

They also said that meme coins have "limited or no use" and do not need to be registered with the SEC.

This is a MASSIVE statement by the SEC. https://t.co/7KpB2c2481 - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
BREAKING: Bitcoin falls below $82,000 for the first time since November 11th. https://t.co/ZyUARTWW9U

Crypto markets in trade wars:

Since trade war worries began on January 20th, crypto markets have erased -$800 BILLION.

For 10+ years, Bitcoin was viewed as a decentralized HEDGE against uncertainty, but something changed.

Why is crypto falling? Let us explain.

(a thread) https://t.co/NQiRiD5Be5 - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
A complete bloodbath in Ethereum:

Ethereum has now lost ONE THIRD of its value over the 4 weeks.

It's now down nearly -50% since December 17th and nearing $2,000 for the first time since November 2024.

Talk about a shift in sentiment. https://t.co/DLe6uZ1ijD
tweet

⁠The Kobeissi Letter
It's official:

Ethereum has erased its post-election rally and is now down -9% since November 5th.

Has a new crypto bear market begun? https://t.co/QwakuSsTZN
tweet

⁠The Kobeissi Letter
BREAKING: Bitcoin losses accelerate leading to the first drop below $80,000 in 3.5 months. https://t.co/CJb5974gPL
tweet

⁠The Kobeissi Letter
RT @KobeissiLetter: Crypto markets in trade wars:

Since trade war worries began on January 20th, crypto markets have erased -$800 BILLION.

For 10+ years, Bitcoin was viewed as a decentralized HEDGE against uncertainty, but something changed.

Why is crypto falling? Let us explain.

(a thread) https://t.co/NQiRiD5Be5
tweet