Broad Market Selloff — Nasdaq -2.6%, Gold -3%, Dollar Risk
Markets are under significant pressure: Nasdaq 100 down 2.6%, S&P 500 down 1.3%, spot gold fell below $3,900 for the first time in a year, and Deutsche Bank warns an AI-driven selloff could strip the US dollar of its safe-haven status.
What we know
The Nasdaq 100 trimmed its decline to 2.6% with the S&P 500 down 1.3% — an account on X. Spot gold fell 3% to $3,908/oz — its lowest level in a year — several accounts on X. Deutsche Bank is warning the dollar may lose safe-haven status during an AI-driven equity correction, as foreign investors hold $20T+ in US equities — another account on X. Bitcoin broke below $80K and hit $76,368 — another account on X. On the buy side, another account on X went long ETH at $2.1K–$2.2K after waiting three weeks. SanDisk plunged after Kioxia warned the NAND price surge is over — another account on X. Zerohedge mused that the Binance hack arrived just as algos were about to conclude that 'only the good old Treasury bubble remains' — another account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.