• Bitcoin just collapsed below $90,500, wiping out every single gain it had stacked this year. The drop is turning uglier by the hour, and in the options market, traders are now going heavy on bearish bets, signaling they see a lot more downside ahead.
• Meanwhile, U.S. stock futures are barely budging after Monday’s brutal selloff. The Dow crashed over 550 points, and the Nasdaq and S&P 500 both slid nearly 1%, dragged down by a tech slump.

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