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A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as a rout in those assets increasingly has been viewed as predictive for where the broader stock market is headed.
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The platform's core business relies on retail investors pouring into speculative corners of the market, particularly crypto and AI-linked stocks.
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After stocks briefly rallied on Nvidia's strong earnings, investors' growing concerns of an A.I. bubble have returned, driving broad market swings.
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