At the same time, traditional safe-haven assets sold off aggressively.



Gold fell more than 2%, erasing an estimated $750 billion in market value, while silver dropped nearly 7%, wiping out about $370 billion.

The sharp decline in precious metals shows a rotation out of defensive positions. Crypto, which had been trading under pressure amid global tensions, appears to have benefited from that shift$XAUT
XAUT-0,36%
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