Crypto Stocks Are Getting Hammered in Friday's Premarket Session

Stock market turbulence has taken a turn to the downside so far in the new year, and based on premarket trading, it looked likely that Friday would continue the trend lower for major stock market indexes. S&P 500 (SNPINDEX: ^GSPC) futures had dropped 29 points to 4,445, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had declined 147 points to 14,694. In particular, the crypto arena is taking a big hit Friday morning; below, you'll learn more about what's happening and why.