UK stocks tumbled at the opening bell as fresh warnings about upcoming US jobs data sparked a broad market retreat.
Both major London indices were hit hard: the internationally focused FTSE 100 fell 1.2pc to 9,560.46, while the mid-cap FTSE 250 also dropped 1.2pc to 21,426.97, mirroring the global risk-off mood.
Bitcoin has tumbled to its lowest level since April, caught in the crossfire of a sharp cryptocurrency selloff.
Crypto suffers $1.2tn wipeout as investors ‘pull chips off the table’
The world’s biggest digital asset plunged to $89,286 this morning — a seven-month low that wipes out all of its gains for 2025.
It marks a stunning reversal for Bitcoin, which has now lost nearly a third of its value since hitting a record high at the start of last month.
The cryptocurrency market has been rocked by a dramatic $1.2 trillion (£886.7bn) slump, as shaken confidence prompts investors to retreat from riskier assets.
Digital assets have now shed nearly 27pc of their value since hitting a record high last month, marking one of the sector’s steepest reversals in years.
The sell-off comes as both stocks and crypto face mounting pressure ahead of two major catalysts: Nvidia’s earnings on Wednesday and the US payrolls report on Thursday — moments that could set the tone for global markets in the days ahead.
