The FSB warned that tighter funding, geopolitical volatility, and fragilities in non-bank finance could combine into a “triple whammy” for global markets. Growing stress in private credit, sovereign bonds, and asset valuations may also weigh on Bitcoin and other crypto assets in the near term.

The FSB warned that tighter funding, geopolitical volatility, and stress in non-bank finance could hit global markets simultaneously. Private credit redemptions and rising leverage concerns may also pressure Bitcoin and other risk assets in the near term.

The FSB warned that tighter funding, geopolitical volatility, and fragility in non-bank finance could hit markets at once. Private credit redemption caps and sovereign bond leverage are raising concerns, with crypto also facing near-term liquidity pressure.