Global Risk Assets Tumble Amid Geopolitical Tensions

On January 29, global risk assets experienced significant declines as geopolitical tensions intensified. In the U.S. stock market, the Nasdaq 100 index fell by 2%, the S&P 500 index dropped over 1%, and the Dow Jones index decreased by 0.5%. Cryptocurrency-related stocks were notably affected, with MSTR down 6.88%, COIN down 4.37%, and BMNR down 7.83%.

Precious metals also saw sharp movements, with spot gold falling over $400 from its intraday high to $5,155 per ounce, and spot silver dropping 8% to $108.23 per ounce. In the cryptocurrency market, Bitcoin fell from $88,000 to around $84,500, while Ethereum briefly dipped below $2,800. The German DAX index decreased by 2%, and Mexico’s main stock index fell by 1%.