Last night, U.S. stocks fell sharply across the board, with the S&P 500 dropping below 6400 points and the Nasdaq 100 experiencing a decline of over 1.9%, closing at 23100 points. The main trigger was the continued closure of the Strait of Hormuz, leading to a worsening oil supply crisis and a sharp increase in global risk aversion.
The cryptocurrency market was also dragged down, experiencing volatility and weakness, with risk assets under collective pressure. Short-term market sentiment is difficult to restore; we need to wait for the easing of the U.S.-Iran conflict and the resumption of navigation in the strait for the market to potentially welcome a trend reversal