

Valerie Hill
5.4K posts

@valibrarian
Metaliteracy for the Metamodern | VR AR Mixed Reality | XR Virtual Learning | Global Participatory Digital Culture





US capital markets suffer a massive $3 trillion loss as the AI bubble bursts, which is also affecting the crypto market✅ ⇉ US capital markets experienced the largest drop since March 2020, losing over $3 trillion. ⇉ The sluggish economy and bursting of the AI bubble are key factors. ⇉ Investors dissatisfied with returns on multi-billion dollar AI investments by tech giants. ⇉ Weak US job growth fuels fears of economic slowdown. ⇉ Nasdaq dropped over 2%, led by disappointing results from Intel and Amazon. ⇉ Dow Jones and S&P 500 also fall nearly 2%. ⇉ Japanese stocks saw the biggest drop since 1987, with the Nikkei 225 closing nearly 6% lower. Both $BTC and $ETH are significantly down. $BTC needs to hold the $59K-60K region.



























