February 28: Financial markets plummet, panic intensifies
On February 28, U.S. stocks sharply declined, with all three major indices closing lower. The technology sector led the decline, with the market capitalization of the seven giants evaporating nearly $550 billion, and Nvidia's market cap dropping over $270 billion.
The cryptocurrency market followed suit, with Bitcoin falling below $80,000, hitting a new low since November 11 of last year. Ethereum and SOL also saw significant declines, and many altcoins fell to historical lows.
In the foreign exchange market, the dollar rose over 0.7%, U.S. oil closed up over 2.5%, and spot gold fell sharply by 1.3%. The weakening U.S. economy and uncertainty surrounding Trump's policies have heightened market anxiety.
The overall situation is severe; everyone should pay attention to risk control, preserving principal is the top priority!
#BTC