Another Black Monday for the markets



⚫ International markets faced another #BlackMonday.

🤑 The cryptocurrency market was no exception to the rule with the price of Bitcoin dropping from USD 86,000 to USD 81,100.

🇺🇸 On Wall Street, the tech-heavy Nasdaq index suffered its worst daily decline since 2022, losing 4 percent, with declines marked in Tesla (-15.4 per ciento), Nvidia (-5.1 per ciento), Alphabet (-4.4 per ciento) and Meta (-4.4 per ciento). The Dow Jones Industrial Average fell 2.1 percent and the S&P 500 fell 2.7 percent.

🗼 The Tokyo Stock Exchange closed with a strong drop of 4.05% this Monday, in its main index, the Nikkei, which represents its worst point drop since September of last year, dragged down by poor results on Wall Street at the end of last week and fears of new U.S. tariffs.

📉 After 10 consecutive days of positive inflows into spot Bitcoin ETFs, it is worth noting that the trend was broken last week, recording net outflows totaling USD 93.2 million.

🔽 U.S. Treasury bond yields fell amid expectations that the Federal Reserve will cut interest rates to mitigate the economic impact of the trade war driven by Trump.
EL3.73%
BTC0.72%
POR1.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)