"U.S. markets sold off sharply on Thursday as escalating U.S.-Iran tensions sent oil prices higher and pushed investors away from equities, crypto, and even gold."
"The VIX is quickly approaching Liberation Day and COVID levels, but this time, there's no end in sight. Big legs down look imminent."
"Every institution moving in this direction believes the same thing that onchain infrastructure will dramatically increase the velocity of money. History is unambiguous about what that produces."
"Goldman Sachs analysts signaled Wednesday that cryptocurrency prices may have found a cyclical bottom following a months-long decline."
U.S. stock markets experienced a sharp sell-off as tensions between the U.S. and Iran escalated, causing oil prices to rise. This situation prompted investors to withdraw approximately $1 trillion from equities, cryptocurrencies, and gold. The VIX index surged, nearing levels seen during significant market events. David Sacks stepped down from his role as Crypto Czar, with little positive impact noted during his tenure. Meanwhile, Wall Street is increasingly adopting blockchain technology, which experts believe will enhance the velocity of money, despite current market turmoil.
Read at news.bitcoin.com
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