According to The Kobeissi Letter, major cryptocurrencies and stocks have experienced significant declines since Monday. Solana (SOL) led the losses with a 24% drop, followed by Ripple (XRP) at 21.1%, Ethereum (ETH) at 18%, and Bitcoin (BTC) at 12.5%. These declines indicate potential market volatility and trading opportunities for short-sellers and risk-averse traders. Moreover, stocks such as Robinhood (HOOD), Nvidia (NVDA), and Tesla (TSLA) also faced substantial declines, suggesting a broader market downturn across different asset classes.

According to Edward Dowd, today saw a significant risk-off sentiment across global markets, with notable declines in stocks, cryptocurrencies, and commodities. In contrast, longer-dated treasury bonds experienced a drop in yields and an increase in price, indicating a shift towards safer assets.