Global financial markets are experiencing a dramatic downturn, reminiscent of the early days of the COVID-19 pandemic. Stock markets have experienced significant losses, with indices like the S&P 500 and Nasdaq dropping by over 7% since April 3rd. Even oil prices have fallen below $60, signaling potential economic slowdown. This panic sell-off is impacting the cryptocurrency market as well. The latest reports indicate a sharp drop in crypto assets, including Bitcoin, Ethereum, XRP, BNB, Solana, and Dogecoin. Analysts are watching closely to see whether this will trigger further sell-offs or if crypto can serve as a safe haven amidst broader economic uncertainty.