Markets
What to know:
- So, Bitcoin decided to take a nosedive below $112,000 because, why not? Apparently, China’s trade threats are the new stress ball for global markets. Who needs therapy when you have this? 🙄
- Asian stocks are feeling the brunt of it too, the Nikkei is having a meltdown like me after a bad meal. It’s the worst it’s been in two months, and equity futures in the U.S. and Europe are following suit. Joy! 🎉
- The crypto markets? Oh boy! Bitcoin’s down 3%, total liquidations reached $630 million. It’s like watching a slow-motion train wreck; you can’t look away! 🚂💥
So here’s the scoop: Bitcoin fell below $112K – and what spawned this crisis? China’s latest trade measures, of course! It’s like they’re having a trade war, and we’re just the unfortunate bystanders. 😱
According to Bloomberg, China just slapped sanctions on U.S. units of South Korean shipbuilder Hanwha Ocean. Remember when both sides tried to be civil? Yeah, me neither. 🙄
Meanwhile, stocks in Asia are crashing down, equity futures in the U.S. and Europe are also following along. It’s like a conga line of despair! 💃
And don’t even get me started on the S&P 500-it’s down 0.7%, and on the Nasdaq 100, it’s lost 1%. The Nikkei? It took a 3% dive. It’s terrible!
The yen is actually strong against the dollar now. Gold and silver lost their sparkle after heavy selling, and 10-year Treasury yields are near 4.03%. Classic investor moves, right? 🙈
Crypto is tracking risk like a dog on a leash. Bitcoin down 3% to $111,869, Ethereum down 4% around $4,000, and BNB? It plummeted over 10%. XRP, Solana, and Dogecoin are dancing between 5% and 6% lower. Where’s the party? 🎈
Liquidations hit a staggering $630 million, with long positions making up two-thirds of that wipeout. CoinGlass must be partying hard with this data. 🥳
And what about the volatility? Oh, it’s like the weather in New York! Remember last week when Donald Trump threatened a 100% tariff on Chinese imports? That was fun, right? It triggered the largest-ever liquidation event in crypto history. 💡
In just 24 hours, nearly $20 billion was obliterated across derivatives markets, only to have a pathetic little rebound over the weekend. We all need a bit of hope, but this isn’t it! 🌧️
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2025-10-14 11:07