(BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. Selling has been ongoing.April 22nd: Investors trim their risky assets to prepare for an aggressive approach by central banks in order to reduce inflation.

Peter Brandt, a veteran trader said recently in a Tweet that the (NDX was showing a similar formation to one it made previously Plunging in the Year 2000.