Japan's benchmark stock index just took another hit, sliding nearly 1.4% lower today. The selloff isn't exactly shocking—it's part of a broader downtrend that's been grinding away at investor confidence lately.

This kind of persistent weakness in major equity markets usually spells trouble for risk assets across the board. When traditional markets are bleeding, crypto tends to feel the pressure too. Traders are clearly nervous, and that risk-off vibe tends to ripple through everything from stocks to digital assets.

Worth keeping an eye on whether this momentum continues or if we see some stabilization soon. The macro environment is getting trickier by the day.