The U.S. Stock markets lost over 1.75 trillion USD driven by significant investor withdrawals, while the price of Bitcoin (BTC) fell to 77,393 USD. These movements reflect deep-seated concerns about policy uncertainty.
The establishment of the U.S. Cryptocurrency Strategic Reserve has disappointed investors, leading to a 4% drop in Bitcoin prices shortly after the announcement. The cryptocurrency market has seen notable outflows, indicating adverse investor sentiment.
A recent hack of the Bybit exchange, resulting in a loss of 1.46 billion USD, has further complicated the already volatile cryptocurrency landscape. Overall, these factors underscore a significant downturn for traditional and crypto markets.
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