#MarketDownturn
The reason is very clear: Trump's unstable policies with China and Europe in general.
Trump's direction towards adopting cryptocurrencies may cause them to jump very high, but only after the political storms settle.
All of this is closely related to the shift towards gold as a safe haven and completely distancing from any other savings vehicle, even if it's a small percentage of personal savings, due to the strength of gold in times of war and political anxiety.