Today, the US stock market opened quite interestingly. The Dow Jones barely held steady, with a slight increase of 0.05%, while the S&P 500 and Nasdaq were less fortunate, falling 0.37% and 0.6% respectively.

The culprit is Oracle—its earnings missed expectations, causing a sharp drop of 14%, dragging down the entire AI sector. Nvidia fell 2%, Intel also dropped 1.9%, and Micron Technology declined 0.95%. This wave of tech stock contagion will likely influence the crypto market sentiment as well. After all, now BTC and ETH are becoming increasingly correlated with the US tech sector; when traditional financial markets sneeze, the crypto world might catch a cold.