The three major U.S. stock indexes plummeted, but virtual assets such as Bitcoin remained stable.
As of 7:50 a.m. on the 17th, Bitcoin is recorded at $84,476, up 0.53% compared to 24 hours ago on CoinMarketCap, a global coin market tracking site.
Ethereum is showing $1,590, down 0.40%. Solana is up 4.28% at $132.45, and Ripple is up 0.10% at $2.10.
On the other hand, the New York stock market fell sharply amid concerns expressed by the Chair of the Federal Reserve regarding the impact of strengthened semiconductor export restrictions to China and tariff imposition. On the 16th (Eastern Time), the Dow Jones Industrial Average ended trading down 699.57 points (-1.73%) at 39,669.39. The Standard & Poor's (S&P) 500 index dropped 120.90 points (2.24%) to finish at 5,275.73, while the Nasdaq Composite Index closed down 516.01 points (3.07%) at 16,307.16.