The Nasdaq 100 moved lower as investors took profits following a strong rally and concerns grew over China’s semiconductor industry. Sentiment weakened after CXMT’s Shanghai IPO surged, raising fears of increased competition in memory chips and pressure on companies such as Micron, Samsung, and SK Hynix. At the same time, technical indicators signalled fading momentum after the index reached overbought levels, with investors now watching whether support near 26,000 can hold.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Nasdaq, the world's largest stock market, now plans to launch near-round-the-clock trading on December 6,…
The Worldcoin price is showing signs of recovery after finding support near the $0.30 level,…
The ATOM price has been battered so thoroughly that even historically important levels have failed…
The RAIN price is at an uncomfortable point. The token has maintained an upward wedge…
Bitcoin, Ethereum and XRP are showing signs of a short-term recovery, but the market remains…
Japanese Bitcoin treasury company Metaplanet is expanding its Bitcoin strategy into the U.S. through a…
