In a significant downturn, global markets are witnessing a broad retreat, with stocks and Bitcoin experiencing sharp declines amid increasing fears of recession. Bitcoin has briefly fallen below $90,000 for the first time in several months, erasing its gains for the year and reflecting a wider risk-off sentiment among investors. Concerns over a potential AI bubble have further fueled the selloff, impacting tech shares and contributing to a notable slump in equities. As major financial indicators, including the Dow, S&P 500, and Nasdaq futures, continue to drop, market participants are left wondering if the selloff might be easing or if further declines are on the horizon.