@coinsauce

Here's what happened in the past 24 hours: Historic Market Collapse Erases Over $12 Trillion Precious metals experienced their worst crash in decades, with gold plummeting 16%, silver down 39%, platinum falling 30%, and palladium dropping 25%. The selloff wiped out more than $9 trillion across metals markets alone, with gold accounting for roughly $6.4 trillion in losses. Equity markets added to the carnage as the S&P 500 fell 1.9% (losing $1.3 trillion), the Nasdaq dropped 3.2% (shedding $1.4 trillion), and the Russell 2000 erased $100 billion. In total, over $12 trillion in value vanished in a single day—more than the combined annual GDP of Germany, Japan, and India. The collapse was triggered by Trump's nomination of Kevin Warsh as Fed Chair, sparking a dollar rally and unwinding heavily crowded bets on continued monetary easing.

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