Fidelity and Vanguard Grapple with Service Disruptions Amid Crypto Black Monday Chaos – Is Your Portfolio Safe?

A wave of panic selling swept through the cryptocurrency market on Monday, causing a massive downturn dubbed “Crypto Black Monday.” Major brokerage firms Fidelity and Vanguard faced service outages as investors grappled with uncertainty and sought to adjust their portfolios. Meanwhile, economists are raising concerns about a potential U.S. recession in the coming months.
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Crypto Black Monday: Global Stock Market Plummets, Bitcoin Price Falls Below $50,000

In a crash that traders are referring to as “Crypto Black Monday”, a global stock market rout has sent the price of major cryptocurrencies careening lower, with the Bitcoin (BTC) price at one point dropping below $50,000 for the first time February.
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