🔴 Block, Inc is trading 4.0% down today amid crypto pressure and a broader market selloff

Block, Inc is trading 4.0% down at $68.04 as crypto-linked financial names face heavy pressure from a sharp decline in digital assets.

• Bitcoin and Ethereum have dropped 3.87% and 9.36% respectively, weighing on sentiment for crypto-exposed companies.
• Broader markets are also sharply lower, with the S&P 500 down 1.72% and the NASDAQ Composite falling 2.81%.
• The move appears driven by general risk-off sentiment and the crypto selloff, as no company-specific announcements were released.