Is the Bubble Bursting? Tech, Crypto, Silver Face Sharp Declines

Business
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Firstpost•06-02-2026, 21:13
Is the Bubble Bursting? Tech, Crypto, Silver Face Sharp Declines
- •Global financial markets are under pressure, with technology stocks, cryptocurrencies, and precious metals experiencing sharp declines.
- •Major US indices like the S&P 500, Nasdaq, and Dow Jones have fallen, with the tech sector bearing the brunt of the sell-off.
- •The global crypto market has lost nearly $2 trillion since its October 2025 peak, with Bitcoin and Ethereum showing high volatility.
- •Silver prices have seen a sharp pullback, with India’s MCX prices falling 6% on Friday and nearly 16% weekly.
- •The synchronized decline reflects a broader 'risk-off' sentiment driven by rising interest rates, a strong US dollar, and concerns over earnings.
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