invezz9d ago
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated their exit from Indian equities. Meanwhile, SoftBank signaled a renewed push into artificial intelligence with a massive financing deal. Crypto markets slide as risk-off sentiment deepens The cryptocurrency market fell to its lowest levels in more than two weeks, weighed down by a broader risk-off sentiment. Bitcoin fell below $66,000, while Ethereum fell below $2,000. The downturn coincided with a pullback in US equity futures,...