The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InGlobal markets concluded the week on a cautious note as major cryptocurrencies experienced a significant downturn. Bitcoin fell below the $66,000 threshold, while Ethereum dropped under $2,000, marking their lowest levels in over two weeks. This decline was mirrored in the Indian equity markets, where foreign investors accelerated their exit amid rising geopolitical tensions and energy costs. Despite the broader selloff, market attention was captured by reports that Elon Musk’s SpaceX is considering a retail-heavy initial public offering. Additionally, SoftBank signaled a renewed commitment to artificial intelligence through a substantial new financing agreement. Collectively, these developments highlight a shift toward risk aversion as investors navigate a complex macroeconomic landscape.