Tonight Global Risk Assets Tumble, with U.S. Stocks, Precious Metals, and Cryptocurrencies All Taking a Hit
BlockBeats News, January 29th, as the geopolitical war tensions escalated, global mainstream risk assets experienced a sharp decline:
In the U.S. stock market, the Nasdaq 100 Index's decline expanded to 2%, the S&P 500 Index fell over 1%, and the Dow Jones Industrial Average dropped 0.5%; cryptocurrency-related stocks plummeted, with MSTR falling by 6.88%, COIN by 4.37%, HOOD by 1.67%, SBET by 5.12%, BMNR by 7.83%, CRCL by 7.18%.
In the precious metals sector, spot gold broke below three consecutive even-hundred levels in half an hour, currently trading at $5155 per ounce, down over $400 from the intraday high. Spot silver plummeted by 8% at one point, previously reaching $121 per ounce before falling over $15 from the daily high, now trading at $108.23 per ounce.
In the cryptocurrency market, Bitcoin fell from the $88,000 level to around $84,500 since the U.S. stock market opened today; Ethereum briefly dropped below $2800; SOL fell below $118; BNB dropped below $865.
The Germany DAX Index fell by 2% to 24,325.51, while Mexico's main stock index gave up its gains and is now down by 1%.
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