BiyaPay Analyst: Worst Single-Day Drop of the Year for US Stocks, Gold and Silver at New Highs, Bitcoin Falls Below $88,000

BlockBeats News, January 21st. Against the backdrop of a sharp rise in global safe-haven sentiment, the financial markets showed significant divergence. On Tuesday, the three major US stock indexes saw their largest single-day declines of the year, with the Nasdaq falling over 2.3%, the S&P 500 down over 2%, and the Dow dropping over 1.7%. At the same time, both gold and silver hit historic highs as safe-haven funds accelerated into precious metals.

The crypto market similarly came under pressure, with Bitcoin falling below $88,000 during the session, a daily decline of around 5%, indicating that risk assets were simultaneously facing selling pressure in a high-volatility environment. The market generally believes that this round of corrections is closely related to Trump's renewed threats to impose tariffs on European allies and the escalating geopolitical uncertainty.

Analysts pointed out that against the backdrop of synchronized pullbacks in stocks, bonds, and crypto assets, gold and silver have become a few assets that still have defensive attributes. BiyaPay analysts believe that the current market is entering a "risk repricing" stage, where investors need a more flexible cross-market allocation capability. By using BiyaPay with USDT, investors can participate in US stocks, Hong Kong stocks, options, and cryptocurrency trading, allowing for more efficient asset adjustments and risk management in intense volatility.