Market Panic Builds Ahead of Potential 'Black Monday,' Crypto Liquidations Spike to $900M

Wall Street futures plunge, Asia sells off, and crypto liquidations surge as markets brace for a volatile start to the week.

U.S. stock futures tumbled Sunday evening, amplifying fears of a disorderly market open and fueling speculation of a potential “Black Monday”-style selloff as sentiment collapsed across equities and crypto.

S&P 500 futures dropped 5.98% by 10 p.m. ET, while Nasdaq 100 futures slid 6.2%. Dow futures were down 5.5%. The moves followed weeks of mounting trade tensions and macro uncertainty, with investors offloading risk across all asset classes.

Jim Cramer, host of CNBC’s Mad Money, referenced the historical parallel in a post Saturday, writing: “Surprised we can't get a short cover rally in case President Trump realizes that a Black Monday may not burnish a legacy.”