liquidations walmart - May 13 Market Review: Nasdaq Erases April Gains, Oil Tops $100, Bitcoin Drops Below $80K
Bitcoin news emerged on May 13 as the Nasdaq erased its April gains amid inflation concerns and geopolitical tensions. Both the S&P 500 and Nasdaq closed lower, with AI and semiconductor stocks leading the decline. WTI crude oil rose 4.19% to $102.18 per barrel, driven by unrest in the Strait of Hormuz. Bitcoin analysis shows the price fell below $80,000, reversing its early-week momentum. Analysts cited macroeconomic risks, leverage liquidations, and slower ETF inflows as key factors behind