ECB official: U.S. Market & Crypto Corrections Threaten Global Stability

Álvaro Santos Pereira, member of the European Central Bank’s Governing Council, issued a concerning warning on November 21, 2025. He stated that sharp corrections in both US financial markets and cryptocurrencies pose the most immediate threat to global financial stability. Pereira’s remarks came during a week marked by significant market volatility, particularly as the S&P 500 witnessed its steepest decline since April, raising concerns about a broader risk-off shift. He emphasized that U.S. equities and digital assets are currently overvalued, highlighting this risk as a key short-term vulnerability.