Missiles and Tech Crashes Shake Global Markets đ„
Asia woke to chaos as Israelâs airstrike on Iranâs nuclear facilities, killing a key commander, rattled markets. Oil and gold prices spiked as investors sought safety, while S&P 500 futures fell below 6,000. Crypto got hit hardâBitcoin dropped ~3%, Ethereum ~9%âwith traders rushing to hedge against more losses. Volatility surged ahead of the Fedâs next decision, and oil jumped 11% on fears of supply issues. Meanwhile, a major internet outage from Cloudflare and Google Cloud disrupted services like Spotify and Discord, dragging down tech stocks and exposing weak centralized systems. Despite heavy crypto liquidations, Bitcoin held up fairly well, and DeFi Development Corpâs $5B Solana investment signaled some optimism. Markets are now glued to Iranâs next move and any diplomatic progress.
This is a messy mix of geopolitical drama and tech breakdowns. The marketâs on pins and needlesâone wrong move from Iran could make things uglier. Bitcoinâs holding its ground better than expected, which is a small win, but everythingâs tied to these global risks, so expect more ups and downs. The internet outages are a red flag; centralized techâs a liability when markets are already jittery. Iâm hoping diplomacy pulls through, but itâs looking like a bumpy few days ahead.
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