Markets just hit their worst day in months. Traders are spooked by trade policy uncertainty that's rattling everything—stocks, bonds, crypto, you name it. Meanwhile, gold climbed to record territory, a classic flight-to-safety move. The broader concern? International trade tensions are creating real headwinds for risk assets. When policy uncertainty spikes like this, crypto typically feels the pain alongside equities. Right now, it's the kind of environment where portfolios are getting reshuffled, and every asset class is reassessing valuations.