Major market shake-up: US equities just posted their worst session since October, with the S&P 500 taking a significant hit following fresh tariff warnings. The trigger? Geopolitical tensions over territorial disputes are raising questions about international trade stability.

Why crypto traders should care: When traditional markets get spooked by policy uncertainty, it often signals broader risk-off sentiment. Risk assets—including Bitcoin and altcoins—typically feel the pressure when macro headwinds intensify. The correlation between equity volatility and crypto volatility has been pretty tight lately, so watch for potential spillover effects into digital asset markets over the coming sessions.