Global stocks and cryptocurrencies experienced a sharp decline, signaling heightened risk aversion as investors brace for a wave of US economic data this week. Despite persistent expectations for a December Federal Reserve interest-rate cut, market sentiment turned bearish.

**Futures contracts on the S&P 500 dropped as much as 0.8%**, while those for the Nasdaq 100 fell 1.1%. European futures also indicated a weak opening for shares, reflecting widespread caution.

**Bitcoin tumbled 6% to slide below $86,000**, reigniting a broad selloff that had previously shown signs of stabilization. Most other cryptocurrencies followed suit, with **Ether dropping more than 7%**, highlighting the pervasive downturn in the digital asset space.

This market movement underscores the volatility and interconnectedness of traditional and crypto markets, especially ahead of key economic indicators.

Global stocks fell and cryptocurrencies slumped, signaling risk aversion ahead of a slew of US economic data this week even as bets for a December Federal Reserve interest-rate cut remain firm.

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