Brent and WTI crude futures plummeted to their lowest levels since the start of the Iran war, with Brent falling over 5% as supply concerns eased.
The crypto market experienced significant bearish pressure, marked by Bitcoin hitting its lowest level since June 5 after dropping over 4% and a large ETH liquidation.
The US Federal Reserve stated that 32 large banks are well-positioned to weather a severe recession, absorbing over $700 billion in hypothetical losses while maintaining capital above minimum requirements in the latest stress test.
Crude Futures Hit Lows, Bitcoin Dives, Fed Stress Tests Reassure
