Live from the Nasdaq Market site overlooking New York City's Times Square.

This is Fast Money. I'm Alyssa Lee.

Tonight's straighter lineup, Tim Seymour, Nadine Termin, Brian Kelly, and

Pete Najarian, co-founder of MarketerBellion.com.

Tonight on Fast, a crypto crackdown, Bitcoin plunges as China bans all cryptocurrency transactions.

We'll tell you why our own Bitcoin baller, BK, is calling this great news.

Plus, a turning point for Treasury is the chart master's breaking down the rate rally

where he sees yields headed next.

And later, how this week's epic drop for one commodity could have one of our traders

going nuclear. But we start off with a big buzzkill.

On Nike, shares getting rocked after the company got guidance on supply chain

concerns. Now, all of you loyal Fast Money fans out there. There are many.

You know that we tackled Nike on last night's show. We were on the company's earnings call.

We broke in the moment Nike announced the guidance cut.

At the same time, shares were down only 3% in light volume after hours.

But today, Nike dropped like a rock falling 6% for its worst day since June of last year.

So given today's market reaction, has this changed the story on Nike?

I'll go to the shareholder, Tim Seymour. What do you say?

And the shareholder was one of the more bullish ones.

At least my glass was half full last night.

And what do I do today?

I hate where the stock is on the chart, but that's not really how I invest.

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