Goldman Sachs Issues $80B Stock Selloff Warning — Will Crypto Industry Be Dragged Further Down?

Key Takeaways Goldman Sachs warns the equity selloff may not be over. Bitcoin could face short-term pressure if risk-off intensifies. Long-term Bitcoin vs. gold debate is resurfacing. U.S. stocks may face renewed selling pressure in the days ahead as trend-following funds and other strategies continue to cut exposure, according to Goldman Sachs — a development that could also weigh on Bitcoin and other crypto assets if broader risk appetite deteriorates. Goldman’s trading desk said in a note to c ...