A $6.3bn hot-wallet breach triggered a rapid risk-off move late in October, with gold sliding to $3,921 (-2.73%) and Bitcoin marked at 77,667 (-4.65%), while global equities were hit across Asia, Europe and the US. Major indices closed lower, with the S&P 500 at 7,614.99 (-1.37%) and the Nasdaq 100 at 28,589.86 (-2.76%); Japan’s Nikkei 225 fell to 63,289.89 (-2.12%), alongside Germany’s DAX at 25,856.19 (-0.70%) and France’s CAC 40 at 7,969.24 (-0.01%). Markets also faced tighter financial conditions, as the US 10Y yield rose to 4.952% (+0.30%), with the UK 10Y at 5.307% (+0.25%) and France 10Y at 4.985% (+1.61%).
Cryptocurrency and Commodity Market Reactions
Crypto losses spread beyond Bitcoin, with Ethereum at 2,241 (-4.88%), BNB at 701.96 (-6.50%) and Solana at 95.14 (-6.82%), while DOGE traded at 0.076 (-4.68%) and BTC social dominance stood at 29%. In commodities, silver dropped to 49.55 (-5.39%) and copper to 6.50 (-1.49%), but crude oil climbed to 104.02 (+1.98%) and gasoline rose 2.09%. In FX, EUR/USD slipped to 1.1150 (-0.23%) and USD/JPY to 157.29 (-0.24%), while GBP/USD edged up to 1.3388 (+0.09%).
