10 April 2026Top Stories
Bitcoin's 6% plunge ends markets' five-day party
A crypto flash crash dragged down everything else yesterday, snapping Wall Street's longest winning streak since October. Bitcoin tumbled below $85,000 on fears the Bank of Japan might finally hike rates, unwinding the yen carry trade that's been funding speculative bets worldwide. The VIX spiked 5.4% to 17.24 as manufacturing data showed nine straight months of contraction, reminding everyone that 'bad news is bad news' again. Small caps took the worst beating, with the Russell 2000 down 1.25%, while Apple hit all-time highs — classic flight to quality when the party stops.
From Bitcoin crashes, QQQ gets competition, fertilizer crisis looms