Volatility Across All Markets

The altcoins, however, plunged hard, with numerous double-digit declines within hours. Yet, price declines were evident even in more mature industries, like the US stock markets, where the S&P 500 fell from over 5,210 to under 5,100 in minutes, and so did the Dow Jones Industrial Average and the Nasdaq Composite.

Even gold, arguably the asset best known for its stability amid crisis and lack of volatility, decreased by 4% in hours from its all-time high of $2,433 to $2,333.

Before that, the precious metal was on a roll, especially since it decisively broke above $2,000 earlier this year. The geopolitical tension in Europe and the Middle East propelled further gains, but Iran’s inclusion resulted in massive price increases that drove gold to its aforementioned highest price against the dollar.

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