ECB Warns of US Market Downturn Threatening Global Financial Stability

The European Central Bank (ECB) has identified the potential for a global financial crisis as U.S. stock and cryptocurrency markets experience significant declines. The ECB’s assessment suggests that the recent downturn in U.S. equities and digital assets, fueled by rapid growth of tech companies and stablecoins, poses an unprecedented risk to global stability. While this decline may not be a typical correction, it has highlighted a concerning disconnect between market valuations and underlying fundamentals.