Finance

Digital assets experienced a sharp intraday sell-off, erasing roughly $88 billion from the total cryptocurrency market capitalization, dragging it down to $2.85 trillion. Bitcoin slipped below the $4,000 threshold, falling to a low near $82,880, which triggered over $555 million in total liquidations. Shifting macroeconomic conditions and tightening financial signals drove the risk reversal rather than sector-specific catalysts.

Global energy markets faced heightened pressure as Brent crude oil futures climbed back toward $100 per barrel. The price appreciation follows reported drone and missile attacks by Yemen's Houthi rebels targeting multiple airports in Saudi Arabia. Prolonged escalation in the region continues to stoke fears of sustained global inflation and broader supply chain disruption.

Shares of Space Exploration Technologies pulled back following reports that the company intends to raise up to $40 billion in new capital. The aerospace company plans to deploy these funds for major purchasing agreements of advanced artificial intelligence chips from Nvidia. The heavy financing push added a layer of caution to the broader technology sector.