According to The Kobeissi Letter, Nasdaq futures have extended losses to over -1.6%, while S&P 500 futures have decreased by 250 points from last week's high. This downturn indicates potential bearish sentiment in the market, which traders should monitor closely. The decline in futures could influence cryptocurrency market movements, particularly for Bitcoin and Ethereum, as investors may seek alternative assets amidst equity market instability.

According to The Kobeissi Letter, Nasdaq futures have extended their losses to over -1.6%, while the S&P 500 futures have declined by 250 points from last week’s high. This downturn is attributed to several macroeconomic factors affecting market sentiment, including inflation concerns and interest rate hikes. Traders should closely monitor economic indicators and central bank announcements, as these will likely influence future market movements.