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But we saved everything 🙂.
Jordan Kerridge reports that $1.295 trillion has been wiped from Chinese stocks today as the SSE Composite Index fell 2%.
At the same time, oil prices have reached a 112-day high. Stocks are selling off while energy prices continue to rise, creating a challenging environment for global markets. Higher oil costs could add more inflationary pressure.
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Earlier this week, Jordan Kerridge reported that $150 million in Bitcoin longs were liquidated as prices dropped below $77,000. He also noted the Federal Reserve's plans to purchase up to $2.12 billion in Treasury bills next week. These developments highlight recent volatility across digital assets and government debt markets.