The Indian equity market slumped, with the Sensex dropping 150 points and the Nifty slipping below 25,900 on weak global cues, and only a fleeting rally lifted the indices modestly before they resumed their decline, revealing fragile support. In Europe, technology stocks dragged broader shares lower, reinforcing a clear risk‑off mood. Crypto endured a sharp sell‑off as Bitcoin broke beneath $90,000 and Ethereum stalled, spurred by AI‑related risk aversion and tightening regulatory scrutiny, while isolated bullish talk of whale buying, ETF inflows, and lofty ETH price targets failed to sustain momentum. Overall, both traditional markets and crypto are entrenched in a down‑trend with limited upside until broader risk appetite improves.