Crypto markets have dumped 10% in less than 24 hours as more than $240 billion exited the space.<\/p>\n
Meanwhile, stock market futures are down 15% in three days \u201clike we are in a depression,\u201d commented the Kobeissi letter on April 7.<\/p>\n
Oil prices are trading below $60, \u201clike demand has collapsed,\u201d gold prices are down $180 in two sessions, \u201clike there\u2019s a flight to cash,\u201d and bond prices are skyrocketing, \u201clike the economy has halted,\u201d it added.<\/p>\n
\u201cSentiment is down to March 2020 levels like we are entering a lockdown. This is a mass flight to the sidelines.\u201d<\/p>\n
Current situation:<\/p>\n
1. Stock market futures are down -15% in 3 days like we are in a depression<\/p>\n
2. Oil prices are trading below $60 like demand has collapsed<\/p>\n
3. Gold prices are down $180 in 2 sessions like there\u2019s a flight to cash<\/p>\n
4. Bond prices are skyrocketing like the\u2026<\/p>\n
\u2014 The Kobeissi Letter (@KobeissiLetter) April 6, 2025<\/a><\/p>\n\n Almost five years ago, in March 2020, crypto markets dumped almost 50% in around a week as the world went into lockdown.<\/p>\n Fast-forward to 2025, and around half a trillion dollars\u2014more than double the entire crypto market cap in March 2020\u2014has left the space over the past month \u2026 and almost half of that has exited over the past 24 hours.<\/p>\n \u201cBearish sentiment is arguably near its highest levels in history,\u201d Kobeissi stated<\/a> before adding that \u201cBlack Monday\u201d has become the consensus view amid tariff uncertainty.<\/p>\n \u201cIt would take a lot to not see at least short-term capitulation this week.\u201d<\/p>\n It added that today\u2019s drop in US stock market<\/a> futures puts S&P 500 futures down by 22% and in bear market territory. The US stock market has now erased an average of $400 billion per trading day for 32 straight days, it revealed.<\/p>\n On Friday, investors were hopeful of signs of a trade deal this weekend. However, it was complete silence that occurred, \u201cand markets hated it.\u201d\u00a0When Trump was questioned about the massive sell-off<\/a>, he said, \u201cSometimes you have to take medicine.\u201d<\/p>\n Meanwhile, stock markets across Asia have opened with double-digit declines as trading resumed this Monday. Many of them hit \u201ccircuit breakers,\u201d which are protection mechanisms to pause trading to prevent capitulation events.<\/p>\n Here are all the markets that hit circuit breakers today so far:<\/p>\n China \u2014 unusual_whales (@unusual_whales) April 7, 2025<\/a><\/p>\n\n Economist and investor Raoul Pal called it \u201cthe delicious smell of peak fear on Sunday and Monday,\u201d adding<\/a>, \u201cThis too shall pass.\u201d<\/p>\n \u201cI hope you are ready to look for spare cash under the sofa to add very, very soon. In a bull market, such opportunities are a gift.\u201d<\/p>\n However, few would agree with his bull market observation after such a violent sell-off, especially crypto investors.<\/p>\n The post Panic Hits Crypto, Stocks, and Commodities at Levels Not Seen Since 2020 Covid Crash<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto markets have dumped 10% in less than 24 hours as more than $240 billion exited the space. Meanwhile, stock market futures are down 15% in three days \u201clike we are in a depression,\u201d commented the Kobeissi letter on April 7. Oil prices are trading below $60, \u201clike demand has collapsed,\u201d gold prices are down […]<\/p>\n","protected":false},"author":0,"featured_media":57304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57303"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57303"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57304"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Lockdown Level Fear and Panic<\/h2>\n
Asian Stocks Tank<\/h2>\n
\nTaiwan
\nJapan
\nRussell Futures
\nAustralia
\nSingapore$VIX<\/a> is up 14.62%. pic.twitter.com\/FLBsDz1oFM<\/a><\/p>\n