Wall Street opens down, Bitcoin plunges to its lowest level since April
The cryptocurrency's share price dipped below $90,000, although it recovered slightly as the day progressed.
An employee watches quotes on the New York Stock Exchange
The New York Stock Exchange opened lower on Tuesday, still weighed down by instability in the tech sector and on the eve of semiconductor giant Nvidia releasing its earnings report.
For more than a week now, the top seven technology companies: Nvidia, Tesla, Alphabet, Amazon, Meta Platforms, Microsoft and Apple, have been suffering losses in their share prices.
On Tuesday, the three main Wall Street indexes opened the morning down. The most pronounced fall was suffered by Dow Jones, which recorded a drop of 1.00%.
Meanwhile, the Nasdaq fell 0.63%, while the S&P 500 lost 0.52% at Tuesday's open.
Bitcoin plunges
Aside from Wall Street opening the day in the red, more bad news in the market Tuesday was the plunge of Bitcoin, which dropped below $90,000.
The value of the cryptocurrency reached $89,259, its lowest level since April. As the hours progressed, it recovered slightly to $91,000.
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