❗️ Bitcoin Falls Following US Stock Market

The S&P 500 fell 2% today and is on track for its worst week since March 2023 as investors weighed a weaker-than-expected August jobs report.

📉 Against this backdrop, the price of #BTC fell to a new monthly low of around $57,630. At the moment, the markets are under great tension ahead of the Fed decision, and low liquidity and weak trading volumes are leading to a sharp drop in prices.

🔽 The technology sector is suffering the most and in our latest YouTube video we said that at the moment there are concerns about the overvaluation of shares of technology companies, which , just like cryptocurrency, are sold first, due to uncertainty in the market.