Bitcoin and other major cryptocurrencies have experienced declines due to investor concerns about slowing economic growth. Bitcoin dropped 1% to $83,325, while Ethereum fell 1.5% to $1,899, indicating broader market apprehensions.

Analysts have downgraded earnings forecasts for major US banks, including Goldman Sachs and Morgan Stanley, due to economic uncertainties stemming from President Trump's trade policies. Corporate clients' hesitancy amid fluctuating trade tensions has impacted investment banking revenues, leading to stock price declines.