#MarketDownturn

Recession Fears: A softer-than-expected US jobs report has ignited concerns about a potential recession, leading investors to seek safer havens.  

Interest Rate Hikes: The Bank of Japan's decision to raise interest rates has strengthened the yen, impacting global markets including crypto.  

Geopolitical Tensions: Escalating tensions between Iran and Israel have created a risk-off environment, pushing investors away from volatile assets like crypto.