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Global markets are feeling the pressure today as a deepening tech sell-off drags stocks lower across Asia and into Europe. South Korean and Japanese markets have both taken significant hits, with investors growing cautious as the broader technology sector continues to lose ground heading into the trading week.
That uncertainty is rippling through crypto markets as well. Nearly one billion dollars in leveraged crypto positions were wiped out as bitcoin, ether, and XRP all slid sharply. Ether bore the heaviest blow, accounting for nearly sixty percent of forced liquidations and falling roughly twice as hard as bitcoin in the same window.
On a lighter note for gaming fans, Nintendo has been rolling out more details on its upcoming Switch two release of Zelda Ocarina of Time, and there are some genuinely interesting additions. A built-in museum mode, a boss time trial, and an expanded role for the owl Kaepora Gaebora as your tour guide suggest Nintendo is treating this as more than a simple port.
Keep surfing. Tech Beat out.
