On January 29, global risk assets experienced significant declines as geopolitical tensions intensified. In the U.S. stock market, the Nasdaq 100 index fell by 2%, the S&P 500 index dropped over 1%, and the Dow Jones index decreased by 0.5%. Cryptocurrency-related stocks were notably affected, with MSTR down 6.88%, COIN down 4.37%, and BMNR down 7.83%. Precious metals also saw sharp movements, with spot gold falling over $400 from its intraday high to $5,155 per ounce, and spot silver dropping 8% to $108.23 per ounce. In the cryptocurrency market, Bitcoin fell from $88,000 to around $84,500, while Ethereum briefly dipped below $2,800. The German DAX index decreased by 2%, and Mexico's main stock index fell by 1%.