Bitcoin has dropped by a very dramatic 40% overnight, from its 2020 highs of over $10,000 down to 2020 lows of under $4600 -- but so too is the stock market, and here: Apple.
Apple (APPL) stock has dropped by 11% down to $243 at the time of writing, down from its 2020 high of $327. This means that Apple has dropped from its huge share price highs of $327 on February 12 and a huge $1.432 trillion ($1,432,000,000,000) market cap, to now just $243 and a market cap of $1.065 trillion ($1,065,000,000,000).
Apple isn't the only one experiencing huge drops in their share prices, with most tech giants including Microsoft and Amazon experiencing huge drops and hundreds of billions of dollars wiped away. No tech company is safe, with travel companies and the travel industry in general bottoming out in slow motion right now with most people not wanting to travel over COVID-19 / coronavirus fears.