Stock market crash drags cryptocurrencies down ๐ฑ
๐ S&P 500 drops 2.39%. Amazon and Intel fall 9.49% and 27.45%. The Japanese stock market also saw its biggest drop since 1987 today! Crypto market also in the red. Bitcoin dips to $60,500, Ethereum below $3000.
๐ US unemployment data rise to 4.3% in July, sparking fears of an emergency Fed rate cut. CME shows a 68% chance of a 0.5% cut on September 18 ๐ฎ
๐ฐ Investors worry about a recession, recalling crises from 2000, 2008, and 2020. Powellโs high rates may have gone on too long
Social media reports the worst stock market sell-off since March 2020, wiping out $2.9 trillion ๐ฆ
______________________________________________________________________
๐ Like if you believe Bitcoin will rebound and head towards $70,000!
๐ We're doomed, and the market will keep falling.
โค๏ธ Who cares about the stock market, Bitcoin will be worth a million anyway.