Global risk assets plunge tonight: US stocks, precious metals, and cryptocurrencies all hit

BlockBeats News, January 29, as geopolitical tensions escalate, major global risk assets have plunged:

In the US stock market, the Nasdaq 100 Index extended its decline to 2%, the S&P 500 Index dropped more than 1%, and the Dow Jones fell 0.5%. Cryptocurrency-related stocks plummeted, with MSTR down 6.88%, COIN down 4.37%, HOOD down 1.67%, SBET down 5.12%, BMNR down 7.83%, and CRCL down 7.18%.

In precious metals, spot gold broke through three consecutive hundred-dollar levels within half an hour, last quoted at $5,155 per ounce, retreating more than $400 from the intraday high. Spot silver plunged as much as 8% during the day, previously rising above $121 per ounce, but then falling more than $15 from the daily high, now quoted at $108.23 per ounce.

In cryptocurrencies, Bitcoin has dropped from the $88,000 level to around $84,500 since the US stock market opened today; Ethereum briefly fell below $2,800; SOL fell below $118; BNB fell below $865.

The German DAX Index fell 2% to 24,325.51, while Mexico's main stock index gave up its gains and is now down 1%.