All articles tagged with #risk off
Gold gave up an early rally and slid about 2% to around $5,066 per ounce after briefly spiking to $5,196, as Asian demand failed to materialize and oil climbed to $107.41, pushing global markets lower and prompting traders to pare risk. Silver also fell (~3%), while longer-term inflation or recession fears remain supportive of gold, though near-term dynamics favor selling in a crowded, leveraged trade.
Bitcoin fell below $63,000 as the crypto market extended its slide amid extreme fear, briefly hitting about $62,700 before rebounding to around $63,200. ETFs continued to see net outflows, and analysts say the downturn reflects macro headwinds and ongoing deleveraging rather than full capitulation, with a critical support zone at $60,000–$63,000 and the risk of a deeper drop if that level breaks.
Bitcoin slid below $71,000 to its lowest level since October 2024, dropping about 7% in 24 hours to roughly $70,900 as risk-off selling hit crypto and related equities; Ethereum fell to around $2,091, while Coinbase declined about 6.1% and Bitmine fell roughly 9.2%. The Crypto Fear & Greed Index remained in “extreme fear” territory, with macro pressures cited by analysts as driving the sell-off, though some see a longer‑term opportunity if ETF flows stabilize and selling pressure eases.
Bitcoin slid to its lowest level since the day after the 2024 U.S. election, briefly dipping below $74,000 as traders rotated into cash and gold amid rising macro and political uncertainty; analysts see further downside toward the $60,000s and warn the market remains in a broad crypto bear phase with weak ETF absorption weighing on prices.
Bitcoin slid below $73,000—down to as low as $72,884.38—for the first time in about 16 months, as risk-off selling intensified amid geopolitical concerns and a partial U.S. government shutdown delaying key economic data; the drop leaves BTC down roughly 16% year-to-date, with Strategy, a bitcoin treasury firm, down about 9% in the pullback.
Bitcoin fell below $80,000 for the first time since April 2025, dipping to about $74,900 as more than $2 billion in long and short liquidations hit the market. The move followed a broad risk-off shift in equities and a slide in gold and silver, with digital-asset funds also seeing outflows. Analysts are divided on the path forward, with some eyeing a short-term bottom near $70,000 while others warn of a potential slide toward $40,000 in a worst-case scenario.
The stock market experienced a significant decline this week, with the Nasdaq 100 on track for its worst week since April due to a sell-off in AI-related stocks and concerns over market valuations, amid a broader risk-off sentiment driven by weak consumer sentiment, a slowdown in the labor market, and uncertainty from the government shutdown. Despite the decline, inflows into US equity funds continue, and analysts suggest the market may still have room for further gains, though caution is advised.
The Nasdaq Composite and Nasdaq-100 Index fell to two-week lows, dropping 1.8%, amid a broad risk-off sentiment among investors leading to widespread sell-offs in U.S. equities.
Gold rebounded near $4,000 an ounce as investors sought safety amid a global stock slump and risk-off sentiment, influenced by Federal Reserve policy uncertainties and strong demand from central banks and private investors, suggesting a consolidation phase before potential further gains.
Bitcoin's price drops over 2.5% as investors become risk-averse amid concerns about the sustainability of AI-driven stock valuations, leading to a broader sell-off in cryptocurrencies and related markets, with potential for further declines below $95,000.
Morgan Stanley strategist Mike Wilson warns that the recent increase in bond yields should raise concerns about equity valuations, as the U.S. has rarely posted such large deficits when the unemployment rate is low. BNP Paribas also sees potential for a risk-off week, citing caution in their global risk premium model and historically extreme short U.S. dollar positioning. They highlight the reversal in liquidity conditions and the impact on key assets. U.S. stock futures are moving higher, while Berkshire Hathaway reports a 6% rise in operating profits.
Equity benchmarks across Asia, including Hong Kong, Japan, and Australia, dropped following Wall Street's decline. Chinese investors do not expect aggressive stimulus or economic reforms at an upcoming key meeting, according to Goldman Sachs. Chinese banks have stopped buying bonds issued in the Shanghai free trade zone due to increased regulatory scrutiny. Treasury yields rose after the Federal Reserve minutes revealed divisions among policymakers over the decision to pause in June. US employment reports and Treasury Secretary Janet Yellen's visit to Beijing will be closely watched. The central bank of Malaysia will announce interest rate decisions, and major currencies like the yen and yuan continue to face downward pressure. Oil and gold prices rose, while Bitcoin remained flat.
Equities are falling and bonds are being bought as risk aversion deepens due to disappointing French and German PMI readings, leading to a typical risk-off day. The euro is the big loser in the FX market, while the dollar and yen are the main beneficiaries.