I'm Melissa Lee and this is Fast Money.

Tonight's Trader lineup, Karen Feinerman, Nadine Termin and James McDonald's, Steve

Russell will join us shortly.

Tonight on Fast, trouble in the charts, Trader Master Carter worth breaks down the key levels

to watch with the S&P 500 now down every day this week, plus we've got an earnings

alert on Cisco.

Shares are sharply lower in the after hours of the company's call now underway.

We'll tell you what's dragging down this stock and later, a trade alert in the metals

market.

One of our traders hitting the buy button on this key commodity will bring you the name

and break down the trade.

We start off with today's crypto carnage.

It was a gut-check moment in the cryptocurrency market, names like Bitcoin, Ether, Litecoin,

even Dogecoin getting slammed today, thinking double digits and shedding millions of dollars

off the market caps.

And the selling was fast and furious, Bitcoin quickly plunging below $30,000 before bouncing

well off that low.

It is now down 40% from its April all time high.

So as today's crypto collapse, just some froth coming out of this trade, much more pain

ahead, James McDonald kick us off.

We saw a breakdown of Bitcoin below the $50,000 level without a rebound studying the security

or if we can call it a security, this enthusiastic asset class.

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