The US stock market has taken a sharp hit on Thursday, with major indexes falling across the board. The Dow Jones, S&P 500, and Nasdaq dropped as investors reacted to oil prices climbing past $100, US Treasury yields creeping toward 5%, and rising tensions in the Middle East involving Iran.

By the close of trading, the Dow Jones stood at 46,932.79, down 484 points (-1.10%), the S&P 500 fell to 6,699, losing 76.80 points (-1.13%), and the Nasdaq slid to 22,389.35, dropping 325 points (-1.44%).

The crypto market bounced back today after Bitcoin briefly fell below $70,000. According to CoinMarketCap, the total crypto market is now valued at $2.37 trillion, with Bitcoin trading around $70,400.

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