Global futures followed crypto-linked stocks in tumble on Wednesday on mounting inflation pressures and Covid-19 surge in some countries. The fall in crypto-linked stocks were fueled by sharp downturns in digital tokens led by bitcoin.
Nasdaq 100 futures shed 1.8% while those on the S&P 500 declined by 1.3% as of 9:12 a.m. in New York.
Euro Stoxx 600 fell 1.9% as the MSCI World index declined by 0.5%.
In commodities markets, West Texas Intermediate crude shed 2.8% to reach $64 a barrel as gold gained 0.4% to traded at $1,875 an ounce.
U.S 10-year Treasury remained almost unchanged at 1.63%.
The rout in cryptocurrency markets saw bitcoin trade at about $32,000, in part due to People’s Bank of China move to disallow digital tokens as a mode of payment.
Global stocks are currently declining as cryptos trade lower. S&P 500 is down 1.46%, Nasdaq 100 is down 1.49%, Euro Stoxx 600 is down 1.88%, BTCUSD is down 18.09%
