Crypto, stocks and metals slide in broad market selloff

Markets experienced a broad selloff on Thursday afternoon, driven by investor concerns over the rapid expansion of artificial intelligence and its potential to disrupt corporate margins, alongside anticipation of upcoming inflation data. The S&P 500 fell 1.1% and the Nasdaq dropped 1.4%, with major tech stocks like Apple retreating 5% and Tesla losing 3%. The cryptocurrency market followed suit, with Bitcoin dropping 2.5% below $66,000. Commodities also suffered steep losses; gold fell 3% and silver tumbled nearly 10%. Software stocks continued their decline due to fears that new AI tools could squeeze margins, exemplified by Salesforce losing over 31% since January. Investors are now awaiting Friday's inflation data, with forecasts predicting a 0.3% monthly rise in consumer prices, as the U.S. dollar index edged higher, signaling defensive positioning.

(Source：Crypto Briefing)