Tech stocks lead Friday selloff as crypto breaks lower and gold and silver spike
By Bullbit Editorial · March 27, 2026
WhatTech stocks led a broad market selloff on Friday, with the Nasdaq Composite falling **-2.1%**.
WhyThe decline was driven by a combination of rising yields and US Iran tensions, which sent investors fleeing to safe-haven assets like gold and silver.
SignalThe selloff in tech stocks is a signal that investors are becoming increasingly risk-averse, with many turning to gold and silver as a hedge against market volatility.
TargetThe price of gold rose to a **$1,750** per ounce high on Friday, its highest level since **2020**.
RiskThe sharp decline in crypto prices, with Bitcoin falling below **$30,000**, is a major risk for investors, as it could signal a broader market downturn.