The major European stock indices are showing weakness today. The FTSE 100 slipped 0.7%, while Germany's DAX dropped 0.6%. France's CAC 40 saw a more modest decline of 0.2%, and Spain's IBEX fell 0.6% on the session.

This coordinated downturn across the continent's top exchanges might signal broader economic concerns. When traditional markets stumble like this, it often ripples into the crypto space as investors reassess risk appetite across all asset classes. The mixed performance—with France holding up relatively better—suggests the selloff isn't uniform, which could indicate sector-specific weakness rather than a complete flight to safety.

Keep an eye on what's driving these declines. Whether it's inflation data, earnings misses, or geopolitical factors, understanding the macro backdrop helps you anticipate how digital assets might respond.