European STOXX 600 closes down 1.57%

The broad-based decline across major European indices points to a systemic risk-off move rather than sector-specific weakness, which matters for crypto and RWA markets as it signals tighter global liquidity conditions and reduced appetite for risk assets. The drop in equities could drive capital rotation into perceived safe havens or amplify volatility in digital assets, depending on how cross-asset correlations evolve. The key question is whether this marks the start of a sustained correction or a one-off repricing, with the next sessions' trading patterns offering the clearest signal on market sentiment.