Markets Plunge: Caution Reigns As Equities and Crypto Suffer Heavy Losses

Global markets experienced a sharp sell-off on Thursday, causing significant declines in U.S. equities and crypto assets. Investors rapidly pulled back from riskier investments as cautious sentiment prevailed. This retreat was driven by factors like shifting market dynamics and the anticipation of upcoming economic data, with both stocks and crypto facing dramatic reversals. The S&P 500 alone saw a staggering $2 trillion wiped off its value within hours. Cryptocurrency giants like Bitcoin also witnessed a significant decline, falling below $85,000, showcasing the broader impact on the market.