The broad sell-off across equities and crypto, sparked by risk-off sentiment, led to a 13% drop in Bitcoin, while other assets like silver and the S&P 500 also saw declines.
Global markets experienced sharp declines amid risk-off sentiment, with Bitcoin falling 13% to below $63,000. The S&P 500 dropped 1.2%, and silver plummeted 17%. Investors exited leveraged positions, leading to broad sell-offs in equities and cryptocurrencies.