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Nasdaq falls more than 2% as oil nears $101 and volatility jumps

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The Nasdaq fell about 2.15% on Friday afternoon as WTI crude traded near $101 a barrel and the VIX rose roughly 22%, ahead of the 39th anniversary of the 1987 Black Monday crash. CoinDesk

coindesk.com/markets/2026/10/16/live-updates-bitcoin-back-above-usd…

Is this an oil-driven move or a broader reassessment of tech valuations?

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