Is Crypto More Cooked Than Stocks?

The last 48 hours have been brutal for financial markets. Bitcoin has fallen toward $76,000, wiping out its recent rebound above $80,000, while Ethereum and other major cryptocurrencies have faced heavy selling pressure. Meanwhile, Wall Street isn't looking much better. The Nasdaq has been hammered as AI and technology stocks sell off, with growing concerns over valuations, AI spending, and uncertainty following the U.S. midterm elections. Crypto has also faced hundreds of millions of dollars in liquidations, adding even more pressure to an already volatile market. Both markets are bleeding, but which one is actually in worse shape?