The bags in the US have collapsed. “The Magnificent Seven” of technology and crypts are the most affected

Wall Street is having a 2025 especially black. In the last two years, the S&P 500 index, which brings together 500 of the most important companies in the US, has suffered a 7.39% drop in a month and is at levels of six months ago, just before the US presidential elections. The debacle has been especially notable for large technological ones, and cryptocurrencies have also suffered a remarkable collapse. What is happening?

A drop of 5.5 billion dollars. According to The Kobeissi Letterin the last two months both the S&P 500 index and the cryptodivsis segment have seen how 5.5 billion dollars have evaporated. Most of these losses have occurred in the last month, and For example The Nasdaq is just 8% of falling to entering a bearish market for the first time since 2022 “.

Investors don’t feel like risk. These experts speak of a sudden change in the “appetite for risk” and we have gone from “extreme greed” to “extreme fear”, which has made many investors rescue their positions to collect benefits.

Risks to the US economy in 2025. The investment firm Apollo Global Management He pointed out in December that foresee a 0% probabilities of recession in the US in 2025, but that there was also 90% chance of tariffs starting (as it has been). To this is joined by the fact that cryptocurrencies, which had generated great expectation in 2024, now seem to be generating concernfor example after Trump’s announcement to create a strategic cryptor.

Tariffs and fear of recession, probable causes. These forecasts are of course potential arguments to explain these great falls. The Aggressive tariff policy by Donald Trump and the fear of a recession – which the president himself He did not rule out– They are there, and have affected both the stock market values ​​and cryptocurrencies, which have been especially impacted.

The “seven magnificent” in free fall. Apple (5%), Microsoft (2%), Alphabet (4%), Amazon (2%), Nvidia, Meta (4%) and Tesla (15%) have experienced significant falls. According to CNBC They lost 750,000 million dollars on Monday: it was the worst day of Nasdaq since 2022. These shares are 14% below their (recent) maximum values.

And the crypts, even worse. In the last month Bitcoin has lost more than 15% of its value and It has passed of $ 97,000 levels to the current 81,000. Ethereum is having even worse: It has fallen almost 28 % in the same period. Other crypts such as XRP, Sun or Doge have recorded milder falls between 3% and 6%, but one thing is clear: the crypto segment continues to spread what happens in the technological one.

In Europe (for the moment) the bags are not so affected. That volatility of the US Stock Exchange has impacted European stock markets, but for now it has not done so remarkably. The France of France and the FTSE of London fell about 0.9% and the Dax of Germany 1.75%. Meanwhile, in Spain Ibex 35 fell 1.41%, but the next few days and weeks will undoubtedly decisive for the march of markets.

Image | Maxim Hopman

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