According to The Kobeissi Letter, since reaching a record high on December 16, 2024, the cryptocurrency market has lost $1.30 trillion in market capitalization, a drop of 33%, equivalent to an average daily loss of $15.50 billion for 84 consecutive days. The Kobeissi Letter notes that this marks the largest three-month market cap correction in cryptocurrency history, and the total value of the cryptocurrency market has now fallen to its lowest level since November 6, 2024.
Apple (AAPL. O) third-quarter revenue in greater China was $14.73 billion, the market expected $15.26 billion, compared with $15.758 billion a year earlier.
The Institute of International Finance (IIF): The largest quarterly contributors to the increase in developed market debt were Japan and the United States.