The Dow Jones Industrial Average opened down 188.09 points, at 49,207.07 points.

G7 discusses joint release of oil reserves, WTI crude oil gains narrow to 20%

Gate News Announcement, March 9th, the Group of Seven (G7) will discuss jointly releasing emergency oil reserves. Currently, three G7 member countries, including the United States, have expressed support for the coordinated release of emergency oil reserves. As a result, international oil prices sharply declined and retreated, with WTI crude oil (West Texas Intermediate crude oil futures) intraday gains narrowing to 20%.

Probability of US stock market crash rises to 35%? Bitcoin holds at $67,000, but risk assets may face greater volatility

Amid increasing volatility in the global financial markets, Bitcoin's price remains relatively stable at approximately $67,378, but analysts warn that a significant pullback in the U.S. stock market could still pressure the crypto market. Major cryptocurrencies such as Ethereum, BNB, and Dogecoin have all risen slightly. Meanwhile, S&P 500 futures declined, oil prices broke through $100, and market panic sentiment increased. Analysts have raised their estimates of the probability of a U.S. stock market crash, indicating that the economy faces dual challenges of inflation and employment pressures.

Asia's stock markets experience their worst decline in years! Japan and South Korea indices plunge 6%, oil prices break through $110.

As Iran's military conflict escalates, Asian stock markets experience their worst decline in years. The Nikkei and South Korea's Kospi indices both fell over 6%, as market concerns about overlooking disruptions in energy supply increase. The US dollar rose due to safe-haven demand, while gold declined amid rising interest rate expectations. Cryptocurrencies also declined, reflecting the complex challenges facing the market.

Oil prices surge 30%, triggering a chain of liquidations: Hyperliquid oil shorts wiped out, nearly $40 million evaporated instantly

The worsening situation in the Middle East has caused significant fluctuations in the global energy markets, with crude oil prices soaring by 30% at one point. The crypto market was affected, with the Hyperliquid platform experiencing liquidations of nearly $40 million, resulting in severe losses for short positions. The escalation of geopolitical risks in the Middle East and conflicts between Iran and Israel are the main reasons, while traditional energy markets also reached historic highs.

Bloomberg Strategist: Crypto Market Decline Could Signal the Start of a "Deflationary Domino," Iran Situation May Trigger Recession in the US

Bloomberg Intelligence's Mike McGlone analyzes the current market, pointing out that the Iran situation could trigger a recession in the U.S. economy. The market's high valuations and low volatility warrant caution for potential turning points. He believes that the decline in crypto assets marks the beginning of deflationary effects, and rising oil prices could trigger an economic downturn. At the same time, he predicts that U.S. Treasury bonds will become the main source of excess returns in the future, and currency price fluctuations will impact the stock market.

Last week, Bitcoin spot ETF saw a net inflow of $568 million, and BlackRock IBIT had a net inflow of $660 million.

Last week, Bitcoin spot ETF net inflows reached $568 million, with BlackRock's IBIT leading with a weekly net inflow of $660 million, bringing the total historical net inflows to $62.47 billion. Fidelity's FBTC experienced a net outflow of $153 million. The current total net asset value of Bitcoin spot ETFs is $87.07 billion.