Bitcoin falls below $57,000 as US stocks plummet

As the US stock market plummeted, with the Nasdaq plummeting by more than 3%, Bitcoin also collapsed from the $58,000 range.
As of 9:25 a.m. on the 4th, Bitcoin was trading at 1.1% lower than the previous 24 hours ago on CoinMarketCap, a global coin market relay site.
The index fell 2.04 points to 57,889 dollars (approximately 8.4 million yen). This was due to the sudden drop in U.S. stocks on the same day. On the 3rd (local time) in the New York market, the Dow fell 1.5 points.
The Nikkei 225 fell 1%, the S&P 500 fell 2.11%, and the Nasdaq fell 3.26%. The Nasdaq's decline was particularly large. This was due to NVIDIA's nearly 10% drop.
NVIDIA, which announced its results, continued to face concerns about its performance and its stock price fell 9.53% on the day. This caused not only Bitcoin, but also Ethereum, the second largest cryptocurrency by market capitalization, to fall 3.37%, and Ethereum, the fifth largest cryptocurrency by market capitalization, to fall 3.37%.
Cryptocurrencies are falling en masse, with Solana falling 5.03%.