Global Markets Exhibit Risk Aversion as Geopolitical Tensions Persist and Bitcoin Declines

Equity markets across the US, Europe, and Asia experienced declines as investors reduced their exposure to risk assets. This sentiment is largely driven by ongoing geopolitical tensions in the Middle East and an increase in oil prices. Concurrently, Bitcoin is trading near its lowest point in three months, marked by continuous outflows from exchange-traded funds, while the US dollar strengthens against other major currencies, particularly the Japanese Yen, hinting at possible currency intervention.