A global equities index signaled further declines in world markets, while Bitcoin fell below $90,000 for the first time in seven months, according to Bloomberg.
The cryptocurrency’s slide extended a weeks-long downturn that has wiped out its gains for the year and shaken confidence across digital-asset markets.
The pullback is unfolding against a backdrop of growing economic pressures, including renewed worries about interest-rate policy and increasingly stretched valuations in risk-heavy sectors.
Hebe Chen, an analyst with Vantage Markets in Melbourne, said the retreat from speculative assets — ranging from Bitcoin to high-growth tech stocks — reflects investors’ efforts to shield themselves from mounting uncertainties. She noted that, until the outlook becomes clearer, heightened market volatility is likely to persist.
