Global markets have faced a steep decline, affecting cryptocurrencies and causing significant losses for traders.
U.S. Markets Are Falling
BTC is at $78,500, while the Nasdaq opens with a 4.22% loss. The SP500 index dropped nearly 3 points, with major companies like Apple, NVIDIA, and Walmart experiencing losses around 5%. Financial giants such as JPMorgan and Goldman Sachs are also witnessing declines of about 6%.
What Is Happening?
Global stock markets fell on Monday. Ontario, Canada, imposed an additional 25% tax on energy exported to Michigan, Minnesota, and New York and even threatened to cut off energy supplies entirely. Following Trump's recent actions against China, Beijing retaliated against U.S. agricultural products. Treasury Secretary Scott Bessent noted that the U.S. economy may face challenging times during this economic transition.
Impact on Cryptocurrency Markets
These events negatively impact risk markets and are particularly harsh for cryptocurrency traders. Expectations for a return to normalcy in March now seem much more complicated.
[Conclusion] The situation in global markets remains unstable, posing significant challenges for investors, especially in cryptocurrencies.
