Iranian conflict breaches investment portfolio defenses, Wall Street plunges into intense turmoil

According to Golden Finance, on March 30, the market decline triggered by the war in Iran is evolving into a full-blown crash on Wall Street. Efforts to mediate a ceasefire and restore oil supplies from the Middle East have only resulted in further escalation of the situation, which in turn has intensified market panic. The Nasdaq 100 index fell 1.9% in just one day on Friday, entering a correction zone; the S&P 500 index closed down for the fifth consecutive week, setting the longest losing streak since 2022; bond prices declined, pushing the benchmark rate for 30-year U.S. Treasuries close to 5%; Bitcoin prices also dropped to nearly half of their pre-war peak.

BTC-0.75%
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