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I saw that at the beginning of last week, there was a sharp decline in the crypto market. Bitcoin dropped from around $95,500 to approximately $91,900 within a few hours—that is, about a 3.79% crash in just one hour. This crypto crash happened very quickly, and there was a sense of panic in the market.
The reason behind it was geopolitical. Statements from Trump regarding Greenland and warnings of tariffs prompted responses from European Union countries. It was said that Europe might impose tariffs on approximately 93 billion euros worth of imported American goods. Due to this uncertainty, selling pressure remained in the market.
Gold and metal prices reached their peak, while index futures also saw a 1% decline. Overall, it was a day when the entire market, from the crypto crash to the need for correction, was evident. Now, it remains to be seen how the market recovers in the coming weeks.