Wall Street wrapped up the trading session in the red today. The Dow Jones fell 241.90 points, ending at 48,462.11—a 0.50% decline. Meanwhile, the tech-heavy Nasdaq took a harder hit, sliding 407.71 points to close at 23,186.15, down 1.73%. The broader market didn't escape the selloff either: the S&P 500 dropped 74.93 points, finishing at 6,826.07 with a 1.09% loss.

This kind of broad-based market weakness across equities typically signals risk-off sentiment in traditional finance, which often spills over into crypto markets. When stocks retreat, investors tend to reassess their exposure to riskier assets, including digital currencies and blockchain tokens. Today's decline—particularly the Nasdaq's steeper 1.73% drop—suggests some caution taking hold among growth-focused traders. For those tracking correlations between traditional markets and crypto, this pullback is worth watching as it could influence short-term market dynamics in the Web3 space.