The US stock markets have recorded major depreciations, especially in the technology sector.

At the end of the week, US stocks suffered significant declines, especially in the technology sector, following the release of positive labor market data. This development raised fears that the Federal Reserve might accelerate interest rate hikes. Although the Federal Reserve kept interest rates steady, investor optimism has drastically diminished. Shares of technology companies like Nvidia, Broadcom, and Micron Technology recorded considerable declines, affecting the entire market. The fear index rose by over 34%, signaling tensions on Wall Street. The price of Brent oil fell, and Bitcoin dropped below $60,000, recording significant losses. Analysts warn that the high valuations of technology companies may become hard to justify. However, some investors view the current correction as a buying opportunity, considering the solid fundamentals of Bitcoin. Zcash experienced a drastic crash due to a discovered security breach.