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The global financial landscape witnessed a turbulent week, with significant declines sweeping across major stock indices and the cryptocurrency market. Amidst this volatility, investors wonder whether to brace for a prolonged downturn or see this as a strategic opportunity. In our latest market report, we delve into a comprehensive global macro overview, dissect the factors driving widespread sell-offs, and offer insights on navigating these challenging times. Stay informed, gain a clear perspective on positioning your investments, and understand the critical data that shapes the market dynamics through the research below. Title: U.S. Recession Alert! An In-Depth Analysis of the Market
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1. What happened? 1.1. Overview - On August 5th, the global stock market experienced significant declines, leading major share indices to tumble just weeks after reaching record highs: - New York: The S&P 500 finished the trading day down 3%, marking its worst day in nearly two years, closing at 5,186. This extended its decline from its peak to 8.5%. - Tokyo: The Nikkei Index fell by over 12%, the biggest drop since 1987, erasing its gains for the year. - Taiwan: The benchmark index had its worst day ever. - Other Markets: Stock indexes in South Korea, India, Australia, Hong Kong, and Shanghai all recorded their biggest declines in four years.
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- Global turbulence extended to the cryptocurrency market with the price of Bitcoin falling 18%, reaching $49,742, while the price of Ether dropped as much as 25%, settling at $2,187. Many altcoins experienced losses exceeding 30%.
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- According to Coinglass data, the total value of 24-hour liquidation in the crypto market surpassed $1 billion, of which long orders had a liquidation of $902M.
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