Global markets endure a sharp, broad-based selloff over the past 24 hours, erasing nearly $5 trillion in market value across commodities, equities, and cryptocurrencies. Precious metals lead losses, with gold falling 5.5% and silver plunging 19%, wiping out roughly $1.94 trillion and $980 billion in market capitalization, respectively.
U.S. equities also close sharply lower. The S&P 500 drops 0.95%, erasing about $580 billion, while the Nasdaq Composite slides 2.5%, destroying roughly $1 trillion in value. The Russell 2000 falls 2%, losing around $65 billion.
Cryptocurrencies extend the downturn. Bitcoin drops 8%, erasing about $120 billion, while total crypto market capitalization falls 7%, or $184 billion. The selloff occurs without a clear negative catalyst, underscoring fragile sentiment and elevated volatility.
