Santoli’s Wednesday market notes: Speculative fever on bitcoin breaks, and the S&P 500 tests a recent low

Traders on the floor of the New York Stock Exchange.
Source: NYSE

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • The crypto crunch, sell-the-news on great earnings, tapping-of-brakes in homebuilding and tax-day cash-raising this week have all amounted to a pretty routine-looking test of last week's broad-market low – for now.

More In Santoli on Stocks

CNBC ProSantoli’s Tuesday market notes: Stocks slump as investors hold their breath over the Federal Reserve’s meeting
CNBC ProSantoli’s Monday market notes: Nasdaq edges closer to a record as big tech stocks beat cyclicals
CNBC ProThe stock market coasts toward the halfway point with the S&P 500 returning nearly 14%