🎈 Reasons for Today's Decline!!

🎈 Global markets experienced a sharp decline, wiping out approximately $3.6 trillion in 90 minutes, in one of the fastest recent downturns. Losses included gold (-3.76%), silver (-8.5%), the S&P 500 and Nasdaq indices, as well as the cryptocurrency market. $BTC $ETH $BNB

🎈 This decline is attributed to the resurgence of the US dollar following reports that Russia is considering a return to using the dollar as part of a potential economic partnership with the United States. This partnership could encompass energy, gas, oil, and raw materials, in addition to a return to a dollar-denominated settlement system.

🎈 Analysts believe that this development, if confirmed, could bolster the dollar's global standing and drive investors towards dollar-denominated assets, particularly US Treasury bonds, at the expense of commodities, metals, and stocks. This could have a significant impact on capital flows and global markets in the coming period.