Global financial markets faced a violent shakeout on March 19 (9 PM Taipei time, 9 AM ET), with a broad-based risk-off selloff sweeping across traditional safe havens and cryptocurrencies. Cash-hoarding behavior dominated as liquidity tightened.
Precious Metals Rout: Silver Plunges Over 10%, Gold Breaks $4,600
Silver suffered the heaviest blow, with spot prices crashing more than 10% toward the $67/oz level. Gold also failed to hold, breaking below the $4,600/oz mark, signaling that even traditional safe-haven capital is rushing to cash.
Crypto Markets Hit: Bitcoin Drops Below $70K, Ethereum Nears $2,100
Macro selling pressure hammered the crypto market. Bitcoin (BTC) lost the $70,000 support and briefly touched $69,000, its lowest in weeks. Ethereum (ETH) slid toward $2,100, extending losses. Traders now watch whether the selloff intensifies after the U.S. stock market opens. Leverage and position sizing remain critical.