The crypto market tanked immediately after the announcement: Bitcoin fell about 8.4% to ~$104,782.

Roughly $19 billion was wiped from the crypto market in that move, largely driven by liquidations of leveraged positions.

Stocks — especially tech names — also took a hit. The S&P 500 fell ~2.7%, Nasdaq ~3.6%, and the Dow ~1.9%.

Asian markets slid — China’s CSI 300, Hong Kong’s Hang Seng, South Korea’s Kospi, etc. — while safe havens like gold saw stre

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